By Aaron Hochman-Zimmerman
New York, July 18 - Interpipe Ltd. priced a $200 million three-year senior issue (B+/B+) with a coupon of 8¾%, according to source close to the deal.
The deal was increased to $200 million from the $150 million originally expected.
ABN Amro and ING were the bookrunners.
Interpipe is a Dnepropetrovsk, Ukraine-based industrial equipment manufacturer.
| Issuer: | Interpipe Ltd.
|
| Amount: | $200 million
|
| Issue: | Three-year senior notes
|
| Maturity: | 2010
|
| Coupon: | 8¾%
|
| Bookrunners: | ABN Amro, ING
|
| Pricing date: | July 18
|
| Rating: | Standard & Poor's: B+
|
| Fitch: B+
|
| Price guidance: | 8 7/8% area
|
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