By Marisa Wong and Cristal Cody
Los Angeles, Aug. 9 – Antares Holdings LP priced $400 million of 7.95% senior notes due Aug. 11, 2028 (Baa2//BBB-) at Treasuries plus 387.5 basis points, according to a market source.
Initial price talk was in the Treasuries plus 412.5 bps area, with guidance at Treasuries plus 387.5 bps.
The deal was upsized from $300 million.
Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and SMBC Nikko Securities America Inc. are bookrunners for the Rule 144A offering.
The New York-based financial services company held fixed-income investor calls held Monday.
| Issuer: | Antares Holdings LP
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| Amount: | $400 million
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| Issue: | Senior notes
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| Maturity: | Aug. 11, 2028
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| Bookrunners: | Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and SMBC Nikko Securities America Inc.
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| Coupon: | 7.95%
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| Spread: | Treasuries plus 387.5 bps
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| Pricing date: | Aug. 8
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| Price talk: | Initial price talk at Treasuries plus 412.5 bps area; guidance at Treasuries plus 387.5 bps
|
| Ratings: | Moody’s: Baa2
|
| Fitch: BBB-
|
| Distribution: | Rule 144A
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