By Andrea Heisinger
Omaha, Aug. 21 - Anheuser-Busch Cos. Inc. priced $500 million 30-year debentures (A2/A) on Tuesday at 99.656 with a 6.45% coupon to yield 6.476%, or 153 basis points more than Treasuries.
Bookrunners were Banc of America Securities LLC, J.P. Morgan Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Inc.
Proceeds will be used for general corporate purposes including working capital, capital expenditures and repayment of borrowings. Before they are used for these purposes, the company may use the proceeds for short-term investments.
The company is a St. Louis-based beer brewing and distribution company.
| Issuer: | Anheuser-Busch Cos. Inc.
|
| Amount: | $500 million
|
| Maturity: | Sept. 1, 2037
|
| Security description: | Debentures
|
| Bookrunners: | Banc of America Securities LLC, J.P. Morgan Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Inc.
|
| Coupon: | 6.45%
|
| Price: | 99.656
|
| Yield: | 6.476%
|
| Spread: | 153 bps
|
| Call: | Make-whole at Treasuries plus 25 bps
|
| Trade date: | Aug. 21
|
| Settlement date: | Aug. 24
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
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