New Issue-Carefusion sells $1.4 bln notes in 3 parts

Wed Jul 15, 2009 4:26pm BST
[-] Text [+]
 July 15 (Reuters) - Carefusion Corp, which is being spun
off by Cardinal Health Inc (CAH.N: Quote, Profile, Research), late on Tuesday sold $1.4
billion of three-part senior notes in the 144a private
placement market, said IFR, a Thomson Reuters service.
 Deutsche Bank, Goldman Sachs, and UBS were the active
bookrunning managers for the sale. Bank of America Merrill
Lynch, Barclays Capital, JP Morgan, Morgan Stanley, RBS
Capital, and Suntrust Capital were the passive bookrunning
managers.
BORROWER: CAREFUSION CORPORATION
FIRST TRANCHE:
AMT $250 MLN      COUPON 4.125 PCT    MATURITY 8/1/2012  
TYPE SR NOTES     ISS PRICE 99.311    FIRST PAY 2/1/2010 
MOODY'S Baa3      YIELD 4.37 PCT      SETTLEMENT 7/21/2009
S&P BBB-MINUS     SPREAD 287.5 BPS/   PAY FREQ SEMI-ANNUAL
FITCH BBB          MORE THAN TREAS    MAKE-WHOLE-CALL 45 BPS
SECOND TRANCHE:
AMT $450 MLN      COUPON 5.125 PCT    MATURITY 8/1/2014  
TYPE SR NOTES     ISS PRICE 98.974    FIRST PAY 2/1/2010 
MOODY'S Baa3      YIELD 5.36 PCT      SETTLEMENT 7/21/2009
S&P BBB-MINUS     SPREAD 300 BPS/     PAY FREQ SEMI-ANNUAL
FITCH BBB          MORE THAN TREAS    MAKE-WHOLE-CALL 45 BPS
THIRD TRANCHE:
AMT $700 MLN      COUPON 6.375 PCT    MATURITY 8/1/2019  
TYPE SR NOTES     ISS PRICE 99.358    FIRST PAY 2/1/2010 
MOODY'S Baa3      YIELD 6.601 PCT     SETTLEMENT 7/21/2009
S&P BBB-MINUS     SPREAD 312.5 BPS/   PAY FREQ SEMI-ANNUAL
FITCH BBB          MORE THAN TREAS    MAKE-WHOLE-CALL 50 BPS


 
 
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