April 22 (Reuters) - Telcordia Technologies on Thursday
sold $350 million of senior secured second lien notes in the
144a private placement market, said IFR, a Thomson Reuters
service.
The size of the deal was increased from an originally planned $300 million.
Credit Suisse, JP Morgan and Deutsche Bank were the joint bookrunning managers for the sale.
BORROWER: TELCORDIA TECHNOLOGIES
AMT $350 MLN COUPON 11.0 PCT MATURITY 5/1/2018 TYPE SR 2ND LIEN ISS PRICE 100 FIRST PAY 11/1/2010 MOODY'S Caa2 YIELD 11.0 PCT SETTLEMENT 4/30/2010 S&P CCC-PLUS SPREAD N/A PAY FREQ SEMI-ANNUAL FITCH N/A NON-CALLABLE 4 YRS*
* MAKE-WHOLE-CALL 50 BPS
Keywords: TELCORDIATECHNOLOGIES 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.
The size of the deal was increased from an originally planned $300 million.
Credit Suisse, JP Morgan and Deutsche Bank were the joint bookrunning managers for the sale.
BORROWER: TELCORDIA TECHNOLOGIES
AMT $350 MLN COUPON 11.0 PCT MATURITY 5/1/2018 TYPE SR 2ND LIEN ISS PRICE 100 FIRST PAY 11/1/2010 MOODY'S Caa2 YIELD 11.0 PCT SETTLEMENT 4/30/2010 S&P CCC-PLUS SPREAD N/A PAY FREQ SEMI-ANNUAL FITCH N/A NON-CALLABLE 4 YRS*
* MAKE-WHOLE-CALL 50 BPS
Keywords: TELCORDIATECHNOLOGIES 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.