By Andrea Heisinger
Omaha, April 10 - WEA Finance priced $1.1 billion of 7.125% 10-year senior notes Wednesday to yield Treasuries plus 375 basis points, according to a market source and a news release from the company.
The Rule 144A issue priced at 99.22.
Bookrunners were Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Inc.
Proceeds will be used to repay borrowings under the company's revolving credit facilities.
The unit of retail property company Westfield Group is based in Sydney, Australia.
| Issuer: | WEA Finance, a unit of Westfield Group
|
| Issue: | Senior notes
|
| Amount: | $1.1 billion
|
| Maturity: | 2018
|
| Bookrunners: | Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Inc.
|
| Coupon: | 7.125%
|
| Price: | 99.22
|
| Spread: | Treasuries plus 375 bps
|
| Trade date: | April 9
|
| Distribution: | Rule 144A
|
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