By Cristal Cody
Chicago, Sept. 29 – Komatsu Finance America Inc., a U.S.-based financing arm of Japan-based Komatsu Ltd., priced a $600 million offering of 5.499% sustainability notes with a five-year tenor (A) on Thursday, according to a market source.
The bonds priced with a 150 basis spread to Treasuries after initial talk in the 162.5 bps area.
Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC led the deal.
Global fixed-income investor calls were held Tuesday for the Rule 144A and Regulation S offering.
Based in Tokyo, Komatsu is a Japanese multinational corporation that manufactures construction, mining, forestry, and military equipment, as well as industrial equipment like press machines, lasers and thermoelectric generators.
| Issuer: | Komatsu Finance America Inc.
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| Amount: | $600 million
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| Issue: | Sustainability notes
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| Maturity: | Oct. 6, 2027
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| Bookrunners: | Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC
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| Coupon: | 5.499%
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| Spread: | Treasuries plus 150 bps
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| Trade date: | Sept. 29
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| Ratings: | S&P: A
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| Distribution: | Rule 144A and Regulation S
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| Price talk: | Treasuries plus 162.5 bps
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| Marketing: | Investor call
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