By Christine Van Dusen
Atlanta, Jan. 9 - Chile's Automotores Gildemeister SA priced a $100 million tap of its outstanding $300 million 8¼% notes due May 24, 2021 (Ba1//BB) at 102.267 to yield 7.9%, a market source said.
JPMorgan was the bookrunner for the Rule 144A and Regulation S notes, which include a change-of-control put at 101%.
Proceeds will be used for debt refinancing.
Automotores Gildemeister is an auto distributor based in Santiago, Chile.
| Issuer: | Automotores Gildemeister SA
|
| Amount: | $100 million
|
| Maturity: | May 24, 2021
|
| Description: | Notes
|
| Bookrunners: | JPMorgan
|
| Coupon: | 8¼%
|
| Price: | 102.267
|
| Yield: | 7.9%
|
| Change-of-control put: | 101%
|
| Trade date: | Jan. 9
|
| Ratings: | Moody's: Ba1
|
| Fitch: BB
|
| Distribution: | Rule 144A and Regulation S
|
© 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.
