By Andrea Heisinger
New York, March 26 - SES Global Americas Holdings GP tapped the market Tuesday for $1 billion of notes (Baa2/BBB/BBB) in two maturities, an informed source said.
The sale included a $750 million tranche of 3.6% 10-year notes sold at a spread of Treasuries plus 175 basis points.
A $250 million tranche of 5.3% 30-year bonds priced at Treasuries plus 220 bps.
Full terms of the sale were not available at press time.
Pricing was done under Rule 144A and Regulation S.
Active bookrunners were BofA Merrill Lynch, Goldman Sachs & Co. and J.P. Morgan Securities LLC. Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., RBS Securities Inc. and SG Americas Securities LLC were passive bookrunners.
The Wilmington, Del.-based subsidiary of Luxembourg's SES SA provides satellite services.
| Issuer: | SES Global Americas Holdings GP
|
| Issue: | Notes
|
| Amount: | $1 billion
|
| Bookrunners: | BofA Merrill Lynch, Goldman Sachs & Co., J.P. Morgan Securities LLC (active), Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., RBS Securities Inc., SG Americas Securities LLC (passive)
|
| Distribution: | Rule 144A, Regulation S
|
| Trade date: | March 26
|
| Settlement date: | April 4
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB
|
| Fitch: BBB
|
|
|
| 10-year notes
|
| Amount: | $750 million
|
| Maturity: | April 4, 2023
|
| Coupon: | 3.6%
|
| Spread: | Treasuries plus 175 bps
|
|
|
| 30-year bonds
|
| Amount: | $250 million
|
| Maturity: | April 4, 2043
|
| Coupon: | 5.3%
|
| Spread: | Treasuries plus 220 bps
|
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