New Issue-ERAC USA Finance sells $2.75 bln in 3-pt debt

Newswire

Oct 10 (Reuters) - ERAC USA Finance Co, a wholly owned subsidiary of Enterprise Rent-A-Car Co, sold on Wednesday $2.75 billion of three-part debt in the 144a private placement market, said market sources.

Goldman Sachs and J.P. Morgan were the active bookrunners on the deal. BORROWER: ERAC USA FINANCE CO* FIRST TRANCHE: AMT $500 MLN COUPON 5.80 PCT MATURITY 10/15/2012 TYPE NOTES ISS PRICE 99.923 FIRST PAY 4/15/2008 MOODY'S Baa2 YIELD 5.818 PCT SETTLEMENT 10/17/2007 S&P BBB ...

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