New York, Dec. 1 - Interpool Inc. said it sold an additional $80 million of its 6% notes due 2014 in a private placement to eight investors.
Raymond James & Associates Inc. was the placement agent.
Proceeds will be used for general corporate purposes.
The notes are identical to the $150 million issued in September, but the transaction did not include warrants.
Interpool is a Princeton, N.J., supplier of transportation equipment and services.
Terms of the deal are:
| Issuer: | Interpool Inc.
|
| Amount: | $80 million ($230 million now outstanding)
|
| Security description: | Add-on to notes
|
| Maturity: | 2014
|
| Coupon: | 6%
|
| Warrants: | No
|
| Distribution: | Private placement
|
| Settlement: | Nov. 29
|
|
|
© 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.
