By Andrea Heisinger
Omaha, March 27 - Dun & Bradstreet Corp. priced $400 million of five-year senior notes Thursday at par to yield 6%, or Treasuries plus 346.9 basis points, an informed source said.
The notes (/A-/A-) priced on the tight end of price talk that was in the 350 bps area over Treasuries, a market source said.
There is a change-of-control put of 101%.
Bookrunners were Citigroup Global Markets Inc. and J.P. Morgan Securities Inc.
Co-manager was Barclays Capital Inc.
Proceeds will be used to repay debt under a revolving credit facility.
The issue was originally announced March 19 and pulled the same day.
The business credit information and credit report company is based in Short Hills, N.J.
| Issuer: | Dun & Bradstreet Corp.
|
| Issue: | Senior notes
|
| Amount: | $400 million
|
| Maturity: | April 1, 2013
|
| Bookrunners: | Citigroup Global Markets Inc., J.P. Morgan Securities Inc.
|
| Co-manager: | Barclays Capital Inc.
|
| Coupon: | 6%
|
| Price: | Par
|
| Yield: | 6%
|
| Spread: | Treasuries plus 346.9 bps
|
| Change-of-control put: | 101%
|
| Trade date: | March 27
|
| Settlement date: | April 1
|
| Ratings: | Standard & Poor's: A-
|
| Fitch: A-
|
| Price talk: | 350 bps area
|
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