Jan 20 (Reuters) - Speedway Motorsports Inc on
Thursday sold $150 million of senior notes in the 144a private
placement market, said a market source.
Bank of America Merrill Lynch, JP Morgan, SunTrust Robinson Humphrey and Wells Fargo Securities were the joint bookrunning managers for the sale.
BORROWER: SPEEDWAY MOTORSPORTS INC
AMT $150 MLN COUPON 6.75 PCT MATURITY 2/1/2019 TYPE SR NTS ISS PRICE 100.00 FIRST PAY 8/1/2011 MOODY'S Ba2 YIELD 6.75 PCT SETTLEMENT 2/3/2011 S&P DOUBLE-B SPREAD 369 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 4 YRS*
* MAKE-WHOLE CALL 50 BPS
Keywords: SPEEDWAYMOTORSPORTS DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886; e-mail: uscorpbonds@reuters.com) COPYRIGHT Copyright Thomson Reuters 2011. 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.
Bank of America Merrill Lynch, JP Morgan, SunTrust Robinson Humphrey and Wells Fargo Securities were the joint bookrunning managers for the sale.
BORROWER: SPEEDWAY MOTORSPORTS INC
AMT $150 MLN COUPON 6.75 PCT MATURITY 2/1/2019 TYPE SR NTS ISS PRICE 100.00 FIRST PAY 8/1/2011 MOODY'S Ba2 YIELD 6.75 PCT SETTLEMENT 2/3/2011 S&P DOUBLE-B SPREAD 369 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 4 YRS*
* MAKE-WHOLE CALL 50 BPS
Keywords: SPEEDWAYMOTORSPORTS DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886; e-mail: uscorpbonds@reuters.com) COPYRIGHT Copyright Thomson Reuters 2011. 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.