New Issue-CW Media Holdings sells $312 mln in PIK notes

Thu Jun 26, 2008 11:36pm BST
[-] Text [+]
  June 26 (Reuters) - CW Media Holdings Inc on Thursday sold
$312 million in seven-year senior PIK notes in the 144a private
placement market, said market sources.
  Goldman Sachs was the sole bookrunning manager for the
sale.
BORROWER: CW MEDIA HOLDINGS INC
AMT $312 MLN       COUPON 13.50 PCT     MATURITY 8/15/2015 
TYPE SR PIK NTS    ISS PRICE 100        FIRST PAY 2/15/2009*
MOODY'S B2         YIELD 13.50 PCT      SETTLEMENT 7/3/2008
S&P CCC-PLUS       SPREAD 984 BPS       PAY FREQ SEMI-ANNUAL
FITCH N/A            MORE THAN TREAS    NON CALLABLE 3-YEARS
*PIK FOR 3-YEARS, THEN CASH PAY

 
 
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