March 1 (Reuters) - Republic Services Inc on
Monday sold $1.5 billion of notes in two parts in the 144a
private placement market, said IFR, a Thomson Reuters service.
Barclays and JP Morgan were the active bookrunning managers for the 10-year sale. Scotia and UBS were the passive bookrunning managers for tranche.
Bank of America Merrill Lynch and JP Morgan were the active bookrunning managers for 30-year bonds and Wells Fargo Securities, SunTrust, Mitsubishi UFJ Securities, and Deutsche Bank were the passive bookrunning managers.
BORROWER: REPUBLIC SERVICES INC
TRANCHE 1 AMT $850 MLN COUPON 5.00 PCT MATURITY 3/1/2020 TYPE NOTES ISS PRICE 99.985 FIRST PAY 9/1/2010 MOODY'S Baa3 YIELD 5.002 PCT SETTLEMENT 3/4/2010 S&P TRIPLE-B SPREAD 140 BPS PAY FREQ SEMI-ANNUAL FITCH BBB-MINUS MORE THAN TREAS MAKE-WHOLE CALL 25 BPS
TRANCHE 2 AMT $650 MLN COUPON 6.20 PCT MATURITY 3/1/2040 TYPE NOTES ISS PRICE 99.92 FIRST PAY 9/1/2010 MOODY'S Baa3 YIELD 6.206 PCT SETTLEMENT 3/4/2010 S&P TRIPLE-B SPREAD 165 BPS PAY FREQ SEMI-ANNUAL FITCH BBB-MINUS MORE THAN TREAS MAKE-WHOLE CALL 30 BPS
Keywords: REPUBLICSERVICES DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886 e-mail: uscorpbonds@reuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Barclays and JP Morgan were the active bookrunning managers for the 10-year sale. Scotia and UBS were the passive bookrunning managers for tranche.
Bank of America Merrill Lynch and JP Morgan were the active bookrunning managers for 30-year bonds and Wells Fargo Securities, SunTrust, Mitsubishi UFJ Securities, and Deutsche Bank were the passive bookrunning managers.
BORROWER: REPUBLIC SERVICES INC
TRANCHE 1 AMT $850 MLN COUPON 5.00 PCT MATURITY 3/1/2020 TYPE NOTES ISS PRICE 99.985 FIRST PAY 9/1/2010 MOODY'S Baa3 YIELD 5.002 PCT SETTLEMENT 3/4/2010 S&P TRIPLE-B SPREAD 140 BPS PAY FREQ SEMI-ANNUAL FITCH BBB-MINUS MORE THAN TREAS MAKE-WHOLE CALL 25 BPS
TRANCHE 2 AMT $650 MLN COUPON 6.20 PCT MATURITY 3/1/2040 TYPE NOTES ISS PRICE 99.92 FIRST PAY 9/1/2010 MOODY'S Baa3 YIELD 6.206 PCT SETTLEMENT 3/4/2010 S&P TRIPLE-B SPREAD 165 BPS PAY FREQ SEMI-ANNUAL FITCH BBB-MINUS MORE THAN TREAS MAKE-WHOLE CALL 30 BPS
Keywords: REPUBLICSERVICES DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886 e-mail: uscorpbonds@reuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2010 AFX News
