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Published on 1/22/2021 in the Prospect News Investment Grade Daily.

New Issue: Antares sells $500 million 3.95% notes due 2026 at 375 bps spread

By Devika Patel and Cristal Cody

Knoxville, Tenn., Jan. 22 – Antares Holdings LP sold $500 million of 3.95% notes due July 15, 2026 (//BBB-) on Thursday, according to a market source.

The bonds priced at Treasuries plus 375 basis points. The notes were talked in the Treasuries plus 412.5 bps area.

J.P. Morgan Securities LLC, RBC Capital Markets Corp., Scotia Capital (USA) Inc. and SMBC Nikko Securities America Inc. were the bookrunners.

Antares is a New York-based financial services company.

Issuer:Antares Holdings LP
Issue:Notes
Amount:$500 million
Maturity:July 15, 2026
Bookrunners:J.P. Morgan Securities LLC, RBC Capital Markets Corp., Scotia Capital (USA) Inc. and SMBC Nikko Securities America Inc.
Coupon:3.95%
Spread:Treasuries plus 375 bps
Pricing date:Jan. 21
Ratings:Fitch: BBB-
Price guidance:Treasuries plus 412.5 bps area

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