By Cristal Cody
Tupelo, Miss., Oct. 31 – Daimler Finance North America LLC sold $1.75 billion of senior notes (A2/A) in two tranches on Wednesday, according to a market source.
The company priced $500 million of three-year floating-rate notes at Libor plus 67 basis points.
Daimler sold $1.25 billion of 3.75% three-year fixed-rate notes at a spread of 85 bps over Treasuries.
BofA Merrill Lynch, Barclays, Societe Generale and SMBC Nikko Securities America, Inc. were the bookrunners.
Daimler Finance is a Wilmington, Del.-based financing arm of Daimler North America Corp.
| Issuer: | Daimler Finance North America LLC
|
| Amount: | $1.75 billion
|
| Description: | Senior notes
|
| Bookrunners: | BofA Merrill Lynch, Barclays, Societe Generale and SMBC Nikko Securities America, Inc.
|
| Trade date: | Oct. 31
|
| Ratings: | Moody’s: A2
|
| S&P: A
|
| Distribution: | Rule 144A, Regulation S
|
|
|
| Three-year floaters
|
| Amount: | $500 million
|
| Maturity: | Nov. 5, 2021
|
| Coupon: | Libor plus 67 bps
|
|
|
| Three-year notes
|
| Amount: | $1.25 billion
|
| Maturity: | Nov. 5, 2021
|
| Coupon: | 3.75%
|
| Spread: | Treasuries plus 85 bps
|
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