By Christine Van Dusen
Atlanta, Oct. 15 - Argentina's Industrias Metalurgicas Pescarmona SAIC (Impsa) priced a $50 million add-on to its existing $275 million 10 3/8% notes due Sept. 30, 2020 at 99 to yield 10.538%, a market source said.
Bank of America Merrill Lynch and UBS were the bookrunners for the Rule 144A and Regulation S deal, which is callable from September 2015 at 105.188.
The original issue priced in September at 97.736 to yield 10¾%.
Impsa is a Mendoza, Argentina-based producer of wind and hydropower equipment.
| Issuer: | Industrias Metalurgicas Pescarmona SAIC (Impsa)
|
| Amount: | $50 million
|
| Maturity: | Sept. 30, 2020
|
| Description: | Senior notes
|
| Bookrunners: | Bank of America Merrill Lynch, UBS
|
| Coupon: | 10 3/8%
|
| Price: | 99.00
|
| Yield: | 10.538%
|
| Call features: | Callable from September 2015 at 105.188
|
| Trade date: | Oct. 15
|
| Settlement date: | Oct. 19
|
| Distribution: | Rule 144A and Regulation S
|
| Total amount: | $325 million, including $275 million priced in September at 97.736 to yield 10¾%
|
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