By Paul A. Harris
St. Louis, Nov. 12 - AmerisourceBergen Corp. priced $300 million of senior notes due Nov. 15, 2012 (Ba3/BB-) at par Tuesday to yield 7¼%, according to a syndicate source.
Price talk was 7¼%-7½%, according to a market source.
The deal was increased from an announced size of $275 million.
Credit Suisse First Boston, Banc of America Securities and JP Morgan were joint bookrunners. The co-managers were Fleet Securities, Mizuho, Scotia Capital and Wachovia Securities.
Proceeds from the Rule 144A deal will be used to repay debt.
The issuer is a Valley Forge, Pa.-based distributor of medical and pharmaceutical products and services.
| Issuer: | AmerisourceBergen Corp. |
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| Amount: | $300 million
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| Maturity: | Nov. 15, 2012
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| Type of security: | Senior notes
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| Managers: | Credit Suisse First Boston, Banc of America Securities, JP Morgan (joint books)
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| Coupon: | 7¼%
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| Price: | Par
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| Yield: | 7¼%
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| Price talk: | 7¼%-7½%
|
| Spread: | 341 basis points over 4% Treasury due 2012
|
| Call features: | Make-whole call at T+50 basis points
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| Settlement date: | Nov. 18, 2002 (T+4)
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| Ratings: | Moody's: Ba3
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| Standard & Poor's: BB-
|
| Fitch: BB+
|
| Rule 144A Cusip: | 03073EAA3
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