By Rebecca Melvin
New York, Jan. 13 – Periama Holdings LLC priced a $250 million add on to its 5.95% notes due 2026 at 106.75, according to a notice.
The issue will be consolidated to form a single series with $500 million of the notes (Ba2//BB-), which priced on Oct. 19. Like the original issue, the add on is guaranteed by JSW Steel Ltd.
The price will include accrued interest from Oct. 19 to Dec. 21.
Deutsche Bank, Credit Suisse and Standard Chartered Bank were bookrunners of the Regulation S deal.
The Beckley, W.Va.-based coal mining, quarrying and oil extraction services company is an indirect wholly owned subsidiary of JSW Steel, which is based in Mumbai.
| Issuer: | Periama Holdings, LLC
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| Guarantor: | JSW Steel Ltd.
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| Issue: | Notes
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| Amount: | $250 million
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| Maturity: | April 19, 2026
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| Bookrunners: | Deutsche Bank, Credit Suisse and Standard Chartered Bank
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| Coupon: | 5.95%
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| Price: | 106.75
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| Issue date: | Dec. 21
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| Ratings: | Moody’s: Ba2
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| Fitch: BB-
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| Distribution: | Regulation S
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| Total deal size: | $750 million
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