New Issue-Lear Corp sells $700 mln of debt in 2 parts

Newswire

March 23 (Reuters) - Lear Corp on Tuesday sold $700 million of senior notes in two parts, said IFR, a Thomson Reuters service. Citigroup, JP Morgan, Barclays Capital and UBS were the joint bookrunning managers for the sale. BORROWER: LEAR CORP TRANCHE 1 AMT $350 MLN COUPON 7.875 PCT MATURITY 3/15/2018 TYPE SR NOTES ISS PRICE 99.276 FIRST PAY 9/15/2010 MOODY'S B1 YIELD 8.00 PCT SETTLEMENT 3/26/2010 S&P BB-MINUS SPREAD 470 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 4 ...

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