New Issue - Georgia-Pacific sells $750 mln in notes

Mon Apr 20, 2009 11:05pm BST
[-] Text [+]
  April 20 (Reuters) - Privately held Georgia-Pacific LLC, a
manufacturer of paper and paper products, on Monday sold $750
million of seven-year senior guaranteed notes in the 144a
private placement market, said IFR, a Thomson Reuters service.
  The size of the deal was increased from an originally
planned $600 million.
  Bank of America, Citigroup, JP Morgan, Morgan Stanley, and
RBS Greenwich Capital were the joint bookrunning managers for
the sale.
BORROWER: GEORGIA-PACIFIC LLC
AMT $750 MLN*      COUPON 8.25 PCT     MATURITY 5/1/2016  
TYPE GTD SR NOTES  ISS PRICE 96.155    FIRST PAY 11/1/2009
MOODY'S Ba3        YIELD 9.00 PCT      SETTLEMENT 4/24/2009
S&P BB-MINUS       SPREAD 663 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A           MORE THAN TREAS    NON-CALLABLE 4 YEARS**
*$721,162,500 PROCEEDS
**CALLABLE AT 104.125, 102.063, 100.
  MAKE-WHOLE CALL 50 BPS.
  $101 COC PUT


 
 
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