Solectron $500 million seven-year notes talked at 9¾%-10%

By Paul A. Harris

St. Louis, Mo., Jan. 30 - Price talk of 9¾%-10% emerged Wednesday on Solectron Corp.'s planned offering of $500 million seven-year senior notes (Ba1/BB+/BBB-), according to a syndicate source.

The deal is expected to price on Friday.

Goldman Sachs & Co. is the bookrunner. Banc of America Securities and J.P. Morgan are joint leads, and Scotia Capital is co-manager.

The off-the-shelf notes are non-callable for four years.

© 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.