New Issue-Cleaver-Brooks Inc sells $185 mln in notes

April 21 (BestGrowthStock) – Cleaver-Brooks Inc on Wednesday sold
$185 million of senior secured notes in the 144a private
placement market, said IFR, a Thomson Reuters service.

The size of the deal was decreased from an originally
planned $200 million.

JP Morgan and UBS were the joint bookrunning managers for
the sale.
BORROWER: CLEAVER-BROOKS INC
AMT $185 MLN COUPON 12.25 PCT MATURITY 5/1/2016
TYPE SR SEC NTS ISS PRICE 100 FIRST PAY 11/1/2010
MOODY’S B2 YIELD 12.25 PCT SETTLEMENT 5/5/2010
S&P SINGLE-B SPREAD 974 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS NON-CALLABLE 3 YRS*
*MAKE-WHOLE-CALL 50 BPS

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New Issue-Cleaver-Brooks Inc sells $185 mln in notes