By Cristal Cody
Tupelo, Miss., May 7 – Amcor Finance (USA), Inc. priced $500 million of 4.5% 10-year senior notes (Baa2/BBB) at a spread of Treasuries plus 158 basis points on Monday, according to a market source.
The notes priced on the tight side of guidance for a spread in the Treasuries plus 160 bps area.
Citigroup Global Markets and J.P. Morgan Securities LLC were the bookrunners.
The company held fixed-income investor calls on Thursday and Friday.
Buena Park, Calif.-based Amcor Finance is a subsidiary of Melbourne, Australia-based packaging products company Amcor Ltd.
Issuer: | Amcor Finance (USA), Inc.
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Amount: | $500 million
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Maturity: | May 15, 2028
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Securities: | Senior notes
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Bookrunners: | BofA Merrill Lynch, Citigroup Global Markets and J.P. Morgan Securities LLC
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Coupon: | 4.5%
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Spread: | Treasuries plus 158 bps
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Trade date: | May 7
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Ratings: | Moody’s: Baa2
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| S&P: BBB
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Price talk: | Treasuries plus 160 bps area
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