New Issue-Global Crossing sells $150 mln in notes

Nov 10 (BestGrowthStock) – Global Crossing Ltd (GLBC.O: ) on
Wednesday sold $150 million of senior notes in the 144a private
placement market, said IFR, a Thomson Reuters service.

Credit Suisse and Goldman Sachs were the joint bookrunning
managers for the sale.
BORROWER: GLOBAL CROSSING LTD
AMT $150 MLN COUPON 9.00 PCT MATURITY 11/15/2019
TYPE SR NTS ISS PRICE 100.00 FIRST PAY 5/15/2011
MOODY’S Caa2 YIELD 9.00 PCT SETTLEMENT 11/16/2010
S&P CCC-PLUS SPREAD 654 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS NON-CALLABLE 4 YRS

New Issue-Global Crossing sells $150 mln in notes