New Issue-Terremark Worldwide sells $420 mln notes

June 17 (Reuters) - Information technology provider
Terremark Worldwide Inc (TMRK.O: Quote, Profile, Research) on Wednesday sold $420 million
of eight-year senior secured first lien notes in the 144a
private placement market, said IFR, a Thomson Reuters service.

Credit Suisse, Jefferies, and RBC Capital Markets were the
joint bookrunning managers for the sale.
BORROWER: TERREMARK WORLDWIDE INC
AMT $420 MLN* COUPON 12.0 PCT MATURITY 6/15/2017
TYPE SR SEC NTS ISS PRICE 95.134 FIRST PAY 12/15/2009
MOODY'S B2 YIELD 13.00 PCT SETTLEMENT 6/24/2009
S&P B-MINUS SPREAD 959 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS NON-CALLABLE 4 YEARS**
*$399.5628 MLN PROCEEDS TO ISSUER
**CALL SCHEDULE: 106, 103, 100
MAKE-WHOLE CALL 50 BPS
EQUITY CLAW: 3Y 35 PCT AT 112