Aug 4 (Reuters) - Continental Airlines Inc on
Wednesday sold $800 million of senior secured 1st 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 $750 million.
Citigroup, Goldman Sachs and UBS were the joint bookrunning managers for the sale.
BORROWER: CONTINENTAL AIRLINES INC
AMT $800 MLN COUPON 6.75 PCT MATURITY 9/15/2015 TYPE 1ST LIEN NTS ISS PRICE 98.938 FIRST PAY N/A MOODY'S Ba2 YIELD 7.00 PCT SETTLEMENT 8/18/2010 S&P BB-MINUS SPREAD 539 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 2 YRS*
*MAKE-WHOLE CALL 50 BPS
Keywords: CONTINENTALAIRLINES 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 $750 million.
Citigroup, Goldman Sachs and UBS were the joint bookrunning managers for the sale.
BORROWER: CONTINENTAL AIRLINES INC
AMT $800 MLN COUPON 6.75 PCT MATURITY 9/15/2015 TYPE 1ST LIEN NTS ISS PRICE 98.938 FIRST PAY N/A MOODY'S Ba2 YIELD 7.00 PCT SETTLEMENT 8/18/2010 S&P BB-MINUS SPREAD 539 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 2 YRS*
*MAKE-WHOLE CALL 50 BPS
Keywords: CONTINENTALAIRLINES 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.