By Devika Patel
Knoxville, Tenn., March 23 – Tabcorp Holdings Ltd. said it priced $1.4 billion of notes in six tranches, comprised of four U.S. dollar-denominated tranches totaling $1.25 billion and two Australian dollar-denominated tranches, totaling A$195 million, or $150 million.
The company sold $105 million of eight-year notes, $450 million of 10-year notes, $520 million of 12-year notes and $175 million of 15-year notes.
It also priced A$97.5 million, or $75 million, of 17-year notes and A$97.5 million, or $75 million, of 18-year notes.
Proceeds from the U.S. dollar-denominated tranches will be swapped into Australian dollars, resulting in a total of A$1.82 billion, which will be used to repay in full the company’s A$1.8 billion bridge financing facility and to repay existing bank debt.
Tabcorp is a Melbourne, Australia-based leisure and entertainment services company operating in three segments: casinos, wagering and gaming.
| Issuer: | Tabcorp Holdings Ltd.
|
| Issue: | Notes
|
| Amount: | $1.4 billion
|
| Pricing date: | March 23
|
| Settlement: | June
|
|
|
| Eight-year notes
|
| Amount: | $105 million
|
| Maturity: | Eight years
|
|
|
| 10-year notes
|
| Amount: | $450 million
|
| Maturity: | 10 years
|
|
|
| 12-year notes
|
| Amount: | $520 million
|
| Maturity: | 12 years
|
|
|
| 15-year notes
|
| Amount: | $175 million
|
| Maturity: | 15 years
|
|
|
| 17-year notes
|
| Amount: | A$97.5 million, or $75 million
|
| Maturity: | 17 years
|
|
|
| 18-year notes
|
| Amount: | A$97.5 million, or $75 million
|
| Maturity: | 18 years
|
|
|
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