By Cristal Cody
Chicago, April 7 – Cantor Fitzgerald LP priced $350 million of 4.5% five-year senior notes (BBB-/BBB-) in the Thursday market at a 187.5 basis points spread over Treasuries, a market source reported.
Initial price talk expected the notes in the 200 bps to 212.5 bps area.
Goldman Sachs & Co. LLC, Cantor Fitzgerald, PNC Capital Markets LLC and Regions Securities Inc. are bookrunners for the sale.
Investor calls were held on Wednesday.
Proceeds, according to S&P Global Ratings, will be used for general corporate purposes, including repayment of Cantor’s $375 million of senior unsecured notes maturing in June.
Cantor Fitzgerald is a New York-based financial services firm.
| Issuer: | Cantor Fitzgerald LP
|
| Amount: | $350 million
|
| Issue: | Senior notes
|
| Maturity: | April 14, 2027
|
| Bookrunners: | Goldman Sachs & Co. LLC, Cantor Fitzgerald, PNC Capital Markets LLC and Regions Securities Inc.
|
| Coupon: | 4.5%
|
| Spread: | Treasuries plus 187.5 bps
|
| Trade date: | April 7
|
| Ratings: | S&P: BBB-
|
| Fitch: BBB-
|
| Price talk: | Treasuries plus 200 bps to 212.5 bps area
|
| Marketing: | Investor call
|
|
|
© 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.
