New Issue: ORIX gives details on $500 million 4.05% five-year senior notes

By Devika Patel

Knoxville, Tenn., Jan. 9 – ORIX Corp. offered further details about a $500 million sale of 4.05% five-year senior notes (A3/A-/A-) that priced on Tuesday at a spread of 150 basis points over Treasuries, according to an FWP filed with the Securities and Exchange Commission.

The notes priced at 99.915 to yield 4.069%.

The notes priced tighter than initial talk in the Treasuries plus 165 bps area.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and SMBC Nikko Securities America, Inc. were the bookrunners.

Proceeds will be used for general corporate purposes.

The financial services company is based in Tokyo.

Issuer:	ORIX Corp.
Amount:	$500 million
Description:	Senior notes
Maturity:	Jan. 16, 2024
Bookrunners:	Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and SMBC Nikko Securities America, Inc.
Co-managers:	Australia and New Zealand Banking Group Ltd., BNP Paribas Securities Corp., Credit Agricole CIB, Daiwa Securities America Inc., Deutsche Bank Securities Inc., ING Financial Markets LLC, BofA Merrill Lynch, Mizuho Securities USA Inc., Morgan Stanley & Co. LLC and Nomura Securities International, Inc.
Coupon:	4.05%
Price:	99.915
Yield:	4.069%
Spread:	Treasuries plus 150 bps
Trade date:	Jan. 8
Settlement date:	Jan. 16
Ratings:	Moody’s: A3
	S&P: A-
	Fitch: A-
Distribution:	SEC registered
Price guidance:	Treasuries plus 165 bps area

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