March 29 (Reuters) - Provident Funding Associates LP and
PFG Finance Corp jointly sold $400 million of senior secured
notes on Monday in the 144a private placement market, said IFR,
a Thomson Reuters service.
JP Morgan was the sole bookrunning manager for the sale.
BORROWER: PROVIDENT FUNDING ASSOCIATES LP/PFG FINANCE CORP
AMT $400 MLN COUPON 10.25 PCT MATURITY 4/15/2017 TYPE SR NOTES ISS PRICE 100.00 FIRST PAY 10/15/2010 MOODY'S Ba3 YIELD 10.25 PCT SETTLEMENT 4/6/2010 S&P B-PLUS SPREAD 693 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 4 YRS*
*MAKE-WHOLE CALL 50 BPS
Keywords: PROVIDENTFUND 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.
JP Morgan was the sole bookrunning manager for the sale.
BORROWER: PROVIDENT FUNDING ASSOCIATES LP/PFG FINANCE CORP
AMT $400 MLN COUPON 10.25 PCT MATURITY 4/15/2017 TYPE SR NOTES ISS PRICE 100.00 FIRST PAY 10/15/2010 MOODY'S Ba3 YIELD 10.25 PCT SETTLEMENT 4/6/2010 S&P B-PLUS SPREAD 693 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 4 YRS*
*MAKE-WHOLE CALL 50 BPS
Keywords: PROVIDENTFUND 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.