By Aleesia Forni
New York, Nov. 30 – Whole Foods Market Inc. priced an upsized $1 billion of 5.2% 10-year senior notes (Baa3/BBB-) on Monday at Treasuries plus 300 basis points, an informed source said.
Pricing was at 99.861 to yield 5.218%.
Bookrunners were J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC.
The deal was upsized from $500 million.
Proceeds will be used for general corporate purposes.
The natural and organic foods supermarket is based in Austin, Texas.
| Issuer: | Whole Foods Market Inc.
|
| Amount: | $1 billion, increased from $500 million
|
| Description: | Senior notes
|
| Maturity: | Dec. 3, 2025
|
| Bookrunners: | J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC
|
| Coupon: | 5.2%
|
| Price: | 99.861
|
| Yield: | 5.218%
|
| Spread: | Treasuries plus 300 bps
|
| Trade date: | Nov. 30
|
| Settlement date: | Dec. 3
|
| Ratings: | Moody’s: Baa3
|
| Standard & Poor’s: BBB-
|
| Distribution: | Rule 144A, Regulation S
|
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