New Issue-Lorillard Tobacco sells $750 mln in notes
June 18 (Reuters) - Cigarette manufacturer Lorillard Tobacco Co, a unit of Lorillard Inc (LO.N: Quote, Profile, Research), on Thursday sold $750 million of 10-year notes, said IFR, a Thomson Reuters service.
Barclays and J.P. Morgan were the active bookrunners for the sale. Goldman Sachs and Wachovia were the passive bookrunners. BORROWER: LORILLARD TOBACCO CO* AMT $750 MLN COUPON 8.125 PCT MATURITY 6/23/2019 TYPE NOTES ISS PRICE 100 FIRST PAY 12/23/2009 MOODY'S Baa2 YIELD 8.125 PCT SETTLEMENT 6/23/2009 S&P BBB-MINUS SPREAD 428.9 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS COC PUT $101 *GUARANTEED BY LORILLARD INC
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