By Cristal Cody
Tupelo, Miss., June 5 – Unibail-Rodamco-Westfield SE subsidiary WEA Finance LLC sold $750 million of 3.5% 10-year senior notes (A2/A) in a Rule 144A and Regulation S offering on Wednesday at a spread of 145 basis points over Treasuries, according to a market source and a press release.
Initial price talk was in the Treasuries plus 160 bps area.
BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, RBC Capital Markets, LLC and SG Americas Securities LLC were the bookrunners.
Proceeds from the offering will be used for general corporate purposes.
Unibail-Rodamco-Westfield is a Paris-based commercial real estate investment company.
| Issuer: | WEA Finance LLC
|
| Amount: | $750 million
|
| Description: | Senior notes
|
| Maturity: | June 15, 2029
|
| Bookrunners: | BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, RBC Capital Markets, LLC and SG Americas Securities LLC
|
| Coupon: | 3.5%
|
| Spread: | Treasuries plus 145 bps
|
| Trade date: | June 5
|
| Ratings: | Moody’s: A2
|
| S&P: A
|
| Distribution: | Rule 144A and Regulation S
|
| Marketing: | Fixed income investor calls
|
| Price guidance: | Treasuries plus 160 bps area
|
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