New Issue-Gulfstream Natural Gas sells $300 mln notes
May 21 (Reuters) - Natural gas transporation and storage company Gulfstream Natural Gas System LLC, on Thursday sold $300 million in seven-year senior secured notes in the 144a private placement market, said IFR, a Thomson Reuters publication.
Citigroup, JP Morgan and the Royal Bank of Scotland were the joint bookrunning managers for the sale. BORROWER: GULFSTREAM NATURAL GAS SYSTEM LLC AMT $300 MLN COUPON 6.95 PCT MATURITY 6/1/2016 TYPE SR SEC NTS ISS PRICE 99.676 FIRST PAY 12/1/2009 MOODY'S Baa2 YIELD 7.009 PCT SETTLEMENT 5/27/2009 S&P BBB SPREAD 420 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 50 BPS
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