By Christine Van Dusen
Atlanta, Sept. 26 – Mexico’s El Puerto de Liverpool SAB de CV priced $300 million 3.95% notes due Feb. 10, 2024 (/BBB+/BBB+) at 98.312 to yield Treasuries plus 165 basis points, a market source said.
The notes were talked at a spread in the 175 bps area.
BofA Merrill Lynch and Citigroup were the bookrunners for the Rule 144A and Regulation S deal.
The proceeds will be used for general corporate purposes and to repay existing debt.
The retail company is based in Mexico City.
| Issuer: | El Puerto de Liverpool SAB de CV
|
| Amount: | $300 million
|
| Maturity: | Feb. 10, 2024
|
| Description: | Senior notes
|
| Bookrunners: | BofA Merrill Lynch, Citigroup
|
| Coupon: | 3.95%
|
| Price: | 98.312
|
| Spread: | Treasuries plus 165 bps
|
| Trade date: | Sept. 25
|
| Settlement date: | Oct. 10
|
| Ratings: | Standard & Poor’s: BBB+
|
| Fitch: BBB+
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Treasuries plus 175 bps area
|
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