By Paul A. Harris
Portland, Ore., May 14 – Antares Holdings LP priced an upsized $215 million issue of five-year senior notes (//BBB-) at par to yield 8½% on Thursday, according to an informed source.
Bookrunners were Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC.
The issue, which was priced on the investment-grade syndicate desk, was upsized from $200 million.
The yield printed on top of talk.
The New York-based financial services company plans to use the proceeds to pay down its revolving credit facility.
| Issuer: | Antares Holdings LP
|
| Amount: | $215 million, upsized from $200 million
|
| Maturity: | May 18, 2025
|
| Securities: | Senior notes
|
| Bookrunners: | Citigroup Global Markets Inc. (bill and deliver), Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC
|
| Coupon: | 8½%
|
| Price: | Par
|
| Yield: | 8½%
|
| Trade date: | May 14
|
| Rating: | Fitch: BBB-
|
| Price talk: | 8½%
|
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