By Cristal Cody
Tupelo, Miss., Oct. 8 – Unibail-Rodamco-Westfield SE subsidiary WEA Finance LLC sold $750 million of 2.875% senior notes due Jan. 15, 2027 (A2/A) at a spread of 143 basis points over Treasuries on Monday, according to a market source and a press release.
Initial price talk was in the Treasuries plus 155 bps area.
Barclays, BBVA Securities Inc., Credit Agricole Securities (USA) Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and TD Securities (USA) LLC were the bookrunners of the Rule 144A and Regulation S offering.
Proceeds from the offering will be used for general corporate purposes.
Unibail-Rodamco-Westfield is a Paris-based commercial real estate investment company.
| Issuer: | WEA Finance LLC
|
| Amount: | $750 million
|
| Description: | Senior notes
|
| Maturity: | Jan. 15, 2027
|
| Bookrunners: | Barclays, BBVA Securities Inc., Credit Agricole Securities (USA) Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and TD Securities (USA) LLC
|
| Coupon: | 2.875%
|
| Spread: | Treasuries plus 143 bps
|
| Trade date: | Oct. 7
|
| Ratings: | Moody’s: A2
|
| S&P: A
|
| Distribution: | Rule 144A and Regulation S
|
| Price guidance: | Treasuries plus 155 bps area
|
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