By Andrea Heisinger
New York, Sept. 24 - Holcim US Finance and Holcim Capital Corp. priced $1 billion of notes (Baa2/BBB/BBB) on Thursday in two tranches, an informed source said.
A $750 million tranche of 6% 10-year notes priced at 98.674 to yield 6.178%, or Treasuries plus 280 basis points.
A $250 million tranche of 6.875% 30-year notes priced at 97.549 to yield 7.073%, or Treasuries plus 290 bps.
Both tranches have a make-whole call at 45 bps over Treasuries. The notes were sold via Rule 144A.
Bookrunners were Bank of America Merrill Lynch, Citigroup Global Markets Inc. and Deutsche Bank Securities Inc.
The manufacturer and supplier or mineral components and cement is based in Waltham, Mass.
| Issuer: | Holcim US Finance, Holcim Capital Corp.
|
| Issue: | Notes
|
| Total amount: | $1 billion
|
| Bookrunners: | Bank of America Merrill Lynch, Citigroup Global Markets Inc., Deutsche Bank Securities Inc.
|
| Distribution: | Rule 144A
|
| Trade date: | Sept. 24
|
| Settlement date: | Sept. 29
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB
|
| Fitch: BBB
|
|
|
| 10-year notes
|
| Amount: | $750 million
|
| Maturity: | Dec. 30, 2019
|
| Coupon: | 6%
|
| Price: | 98.674
|
| Yield: | 6.178%
|
| Spread: | Treasuries plus 280 bps
|
| Call: | Make-whole at Treasuries plus 45 bps
|
|
|
| 30-year notes
|
| Amount: | $250 million
|
| Maturity: | Sept. 29, 2039
|
| Coupon: | 6.875%
|
| Price: | 97.549
|
| Yield: | 7.073%
|
| Spread: | Treasuries plus 290 bps
|
| Call: | Make-whole at Treasuries plus 45 bps
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
