By Aleesia Forni
Virginia Beach, Nov. 7 - Ameriprise Financial Inc. priced a $150 million tap of its existing 4% senior notes due Oct. 15, 2023 with a spread of Treasuries plus 115 basis points, according to an FWP filed with the Securities and Exchange Commission.
The notes (A3/A/) priced at 101.955 to yield 3.761%.
Credit Suisse Securities (USA) LLC, Goldman Sachs & Co., J.P. Morgan Securities LLC and Wells Fargo Securities LLC were the joint bookrunners.
The original $600 million issue priced with a spread of Treasuries plus 120 basis points on Sept. 3.
The proceeds will be used for general corporate purposes.
The financial planning and services company is based in Minneapolis.
Issuer: | Ameriprise Financial Inc.
|
Amount: | $150 million
|
Description: | Add-on to existing 4% notes due 2023
|
Maturity: | Oct. 15, 2023
|
Bookrunners: | Credit Suisse Securities (USA) LLC, Goldman Sachs & Co., J.P. Morgan Securities LLC, Wells Fargo Securities LLC
|
Co-managers: | Citigroup Global Markets Inc., HSBC Securities (USA) Inc., BofA Merrill Lynch, UBS Securities LLC, U.S. Bancorp Investments Inc.
|
Coupon: | 4%
|
Price: | 101.955
|
Yield: | 3.761%
|
Spread: | Treasuries plus 115 bps
|
Trade date: | Nov. 7
|
Settlement date: | Nov.13
|
Ratings: | Moody's: A3
|
| Standard & Poor's: A
|
Make-whole call: | Treasuries plus 20 bps
|
Total issue size: | $750 million, including $600 million priced Sept. 3
|
© 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.