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New Issue-Beckman Coulter sells $500 mln in 2 parts

Mon May 18, 2009 11:20pm IST
 
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 May 18 (Reuters) - Biomedical instrument manufacturer
Beckman Coulter (BEC.N: Quote, Profile, Research) on Monday sold $500 million in a
two-part debt sale, said IFR, a Thomson Reuters service.
 Citigroup, JPMorgan, Morgan Stanley and Banc of America
were the joint bookrunning managers for the sale.
BORROWER: BECKMAN COULTER INC
TRANCHE 1
AMT $250 MLN       COUPON 6.00 PCT     MATURITY 6/1/2015  
TYPE SR NOTES      ISS PRICE 99.629    FIRST PAY 12/1/2009
MOODY'S Baa3       YIELD 6.074 PCT     SETTLEMENT 5/21/2009
S&P BBB            SPREAD 400 BPS      PAY FREQ SEMI-ANNUAL
FITCH BBB           MORE THAN TREAS    MAKE-WHOLE CALL 50 BPS*
TRANCHE 2
AMT $250 MLN       COUPON 7.00 PCT     MATURITY 6/1/2019  
TYPE SR NOTES      ISS PRICE 99.471    FIRST PAY 12/1/2009
MOODY'S Baa3       YIELD 7.074 PCT     SETTLEMENT 5/21/2009
S&P BBB            SPREAD 387.5 BPS    PAY FREQ SEMI-ANNUAL
FITCH BBB           MORE THAN TREAS    MAKE-WHOLE CALL 50 BPS*
*$101 COC PUT


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