Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers V > Headlines for Vector Group Ltd. > News item |
Vector to sell $375 million secured notes via Jefferies next week
By Paul A. Harris
Portland, Ore., Jan. 29 - Vector Group Ltd. plans to host an investor call at 12:30 p.m. ET on Wednesday to discuss its $375 million offering of eight-year senior secured notes, according to an informed source.
The deal is expected to price early in the Feb. 4 week.
Jefferies & Co. is the bookrunner.
The Rule 144A and Regulation S with registration rights notes become callable in three years at par plus 75% of the coupon.
Proceeds will be used to refinance the company's 11% senior secured notes due 2015.
Vector Group is a Miami-based holding company that indirectly owns Liggett Group LLC and Vector Tobacco Inc. and directly owns New Valley LLC.
© 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.