April 4 (Reuters) - Stewart Enterprises on
Monday sold $200 million of senior notes in the 144a private
placement market, said IFR, a Thomson Reuters service.
Bank of America Merrill Lynch and JP Morgan were the joint bookrunning managers for the sale.
BORROWER: STEWART ENTERPRISES INC
AMT $200 MLN COUPON 6.50 PCT MATURITY 4/15/2019 TYPE SR NTS ISS PRICE 100 FIRST PAY 10/15/2011 MOODY'S B1 YIELD 6.50 PCT SETTLEMENT 4/18/2011 S&P BB-MINUS SPREAD 346 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 3 YRS*
*MAKE-WHOLE CALL 50 BPS
Keywords: STEWARTENTERPRISES 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 and JP Morgan were the joint bookrunning managers for the sale.
BORROWER: STEWART ENTERPRISES INC
AMT $200 MLN COUPON 6.50 PCT MATURITY 4/15/2019 TYPE SR NTS ISS PRICE 100 FIRST PAY 10/15/2011 MOODY'S B1 YIELD 6.50 PCT SETTLEMENT 4/18/2011 S&P BB-MINUS SPREAD 346 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 3 YRS*
*MAKE-WHOLE CALL 50 BPS
Keywords: STEWARTENTERPRISES 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.