By Cristal Cody
Tupelo, Miss., March 30 – WEA Finance LLC sold $500 million of 3.15% five-year senior notes at a spread of 125 basis points over Treasuries on Wednesday, according to a market source.
The notes (A3/BBB+) are due April 5, 2022.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC, UBS Securities LLC and Wells Fargo Securities LLC were the lead managers.
WEA Finance is a Los Angeles-based borrower for Westfield America, Inc., the investment arm for real estate investment trust Westfield America Management Ltd.
| Issuer: | WEA Finance LLC
|
| Amount: | $500 million
|
| Description: | Senior notes
|
| Maturity: | April 5, 2022
|
| Bookrunners: | Citigroup Global Markets Inc., J.P. Morgan Securities LLC, UBS Securities LLC and Wells Fargo Securities LLC
|
| Coupon: | 3.15%
|
| Spread: | Treasuries plus 125 bps
|
| Trade date: | March 29
|
| Ratings: | Moody’s: A3
|
| S&P: BBB+
|
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