New Issue-Sealed Air Corp sells $400 mln in notes
June 12 (Reuters) - Sealed Air Corp (SEE.N: Quote, Profile, Research) on Friday sold $400 million of eight-year senior notes in the 144a private placement market, said IFR, a Thomson Reuters service.
The size of the deal was increased from an originally planned $250 million.
Bank of America, Citigroup, Credit Suisse, Morgan Stanley, and RBS were the joint bookrunning managers for the sale. BORROWER: SEALED AIR CORPORATION AMT $400 MLN COUPON 7.875 PCT MATURITY 6/15/2017 TYPE SR NOTES ISS PRICE 97.837 FIRST PAY 12/15/2009 MOODY'S Baa3 YIELD 8.25 PCT SETTLEMENT 6/18/0909 S&P BB-PLUS SPREAD 470 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 4 YEARS
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