By Christine Van Dusen
Atlanta, June 27 – Argentina’s Mastellone Hermanos SA sold $200 million 12 5/8% notes due July 3, 2021 (expected ratings: /CCC-/B-) at par to yield 12 5/8%, a market source said.
BofA Merrill Lynch and Deutsche Bank were the bookrunners for the Rule 144A and Regulation S deal.
The notes were issued as part of a purchase and exchange offer for several series of notes.
Mastellone Hermanos is a dairy company based in Buenos Aires.
| Issuer: | Mastellone Hermanos SA
|
| Amount: | $200 million
|
| Maturity: | July 3, 2021
|
| Description: | Notes
|
| Bookrunners: | BofA Merrill Lynch, Deutsche Bank
|
| Coupon: | 12 5/8%
|
| Price: | Par
|
| Yield: | 12 5/8%
|
| Trade date: | June 26
|
| Settlement date: | July 3
|
| Expected ratings: | Standard & Poor’s: CCC-
|
| Fitch: B-
|
| Distribution: | Rule 144A/Regulation S
|
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