April 12 (Reuters) - Nortek Inc on Tuesday sold
$500 million of senior notes in the 144a private placement
market, said IFR, a Thomson Reuters service.
UBS was the sole bookrunning manager for the sale.
BORROWER: NORTEK INC
AMT $500 MLN COUPON 8.50 PCT MATURITY 4/15/2021 TYPE SR NTS ISS PRICE 100 FIRST PAY 10/15/2011 MOODY'S Caa1 YIELD 8.50 PCT SETTLEMENT 4/26/2011 S&P SINGLE-B SPREAD 500 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 5 YRS
Keywords: NORTEK 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.
UBS was the sole bookrunning manager for the sale.
BORROWER: NORTEK INC
AMT $500 MLN COUPON 8.50 PCT MATURITY 4/15/2021 TYPE SR NTS ISS PRICE 100 FIRST PAY 10/15/2011 MOODY'S Caa1 YIELD 8.50 PCT SETTLEMENT 4/26/2011 S&P SINGLE-B SPREAD 500 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 5 YRS
Keywords: NORTEK 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.