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New Issue-Magellan Midstream sells $300 mln in notes

Fri Jun 19, 2009 10:25pm IST
 
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  June 19 (Reuters) - Pipeline operator Magellan Midstream
Partners LP (MMP.N: Quote, Profile, Research) on Friday sold $300 million of 10-year
senior notes, said IFR, a Thomson Reuters service.
  Bank of America, J.P. Morgan, and Suntrust were the joint
bookrunning managers for the sale.
BORROWER: MAGELLAN MIDSTREAM PARTNERS LP
AMT $300 MLN     COUPON 6.55 PCT     MATURITY 7/15/2019 
TYPE SR NOTES    ISS PRICE 99.653    FIRST PAY 1/15/2010
MOODY'S Baa2     YIELD 6.597 PCT     SETTLEMENT 6/26/2009
S&P BBB          SPREAD 280 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A         MORE THAN TREAS    NON-CALLABLE       

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