By Christine Van Dusen
Atlanta, Sept. 30 – El Puerto de Liverpool SAB de CV priced $750 million 3 7/8% 10-year notes (/BBB+/BBB+) at 98.881 to yield Treasuries plus 245 basis points on Thursday, a market source said.
Citigroup, Credit Suisse and JPMorgan were the bookrunners for the Rule 144A and Regulation S deal.
The proceeds will be used for general corporate purposes, including financing of a portion of proposed acquisitions.
The retail company is based in Mexico City.
| Issuer: | El Puerto de Liverpool SAB de CV
|
| Amount: | $750 million
|
| Maturity: | Oct. 6, 2026
|
| Description: | Senior notes
|
| Bookrunners: | Citigroup, Credit Suisse, JPMorgan
|
| Coupon: | 3 7/8%
|
| Price: | 98.881
|
| Spread: | Treasuries plus 245 bps
|
| Trade date: | Sept. 29
|
| Settlement date: | Oct. 6
|
| Expected ratings: | S&P: BBB+
|
| Fitch: BBB+
|
| Distribution: | Rule 144A and Regulation S
|
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