By Rebecca Melvin
New York, May 25 – Hunt Oil Co. of Peru LLC priced $600 million of 6 3/8% 10-year notes (expected rating: //BBB) on Thursday at 99.235 to yield 6.6%, according to a market source.
Pricing was tight compared to initial talk for a high 6% yield.
BofA Merrill Lynch, Citigroup, Creditcorp Capital and JPMorgan were the bookrunners of the Rule 144A and Regulation S offering.
Proceeds will be used to refinance existing project finance debt.
San Isidro, Peru-based Hunt is an oil and gas company.
| Issuer: | Hunt Oil Co. of Peru LLC
|
| Issue: | Notes
|
| Amount: | $600 million
|
| Maturity: | June 1, 2028
|
| Bookrunners: | BofA Merrill Lynch, Citigroup, Creditcorp Capital, JPMorgan
|
| Coupon: | 6 3/8%
|
| Price: | 99.235
|
| Yield: | 6.6%
|
| Pricing date: | May 24
|
| Settlement date: | June 1
|
| Rating: | Fitch: BBB
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | High 6%
|
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