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New Issue-New Enterprise Stone sells $265 mln notes
March 1, 2012 / 6:16 PM / 6 years ago

New Issue-New Enterprise Stone sells $265 mln notes

 March 1 (Reuters) - New Enterprise Stone & Lime Co,
Inc on Thursday sold $265 million of senior secured
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 Merrill Lynch was the sole bookrunning
manager for the sale.	
	
BORROWER: NEW ENTERPRISE STONE & LIME CO., INC.	
	
AMT $265 MLN    COUPON 13 PCT      MATURITY    03/15/2018   	
TYPE SR NTS     ISS PRICE 100      FIRST PAY   09/15/2012 	
MOODY'S Caa1    YIELD 13 PCT       SETTLEMENT  03/15/2012   	
S&P B-MINUS     SPREAD N/A         PAY FREQ    SEMI-ANNUAL	
FITCH N/A                          MAKE-WHOLE CALL 50 BPS	
	
 

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