New Issue-American Tire sells $330 mln 3-part debt

Newswire

WHITE PLAINS, N.Y., March 24 (Reuters) - American Tire Distributors, Inc. on Wednesday sold $330 million of debt in three parts in the 144a private placement market, said market sources on Thursday. Banc of America Securities LLC was the sole lead manager for the sale, the sources said. BORROWER: AMERICAN TIRE DISTRIBUTORS, INC. FIRST TRANCHE: AMT $140 MLN COUPON 625 BPS/ 3-MO LIBOR MATURITY 4/1/2012 TYPE SR FRN ISSUE PRICE 100 1ST PAY DATE 7/1/2005 LAST MOODY'S Caa2 YIELD N/A PAY FREQ ...

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