New Issue-Plum Creek sells $575 mln in 10-yr notes

Nov 8 (BestGrowthStock) – Plum Creek Timberlands LP (PCL.N: ) on
Monday sold $575 million of senior unsecured notes, said IFR, a
Thomson Reuters service.

The size of the deal was increased from an originally
planned $500 million.

Bank of America Merrill Lynch, Goldman Sachs, and RBS were
the joint bookrunning managers for the sale.
BORROWER: PLUM CREEK TIMBERLANDS LP
AMT $575 MLN COUPON 4.70 PCT MATURITY 3/15/2021
TYPE SR NTS ISS PRICE 99.9330 FIRST PAY 3/15/2011
MOODY’S Baa3 YIELD 4.709 PCT SETTLEMENT N/A
S&P BBB-MINUS SPREAD 215 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS NON-CALLABLE N/A

New Issue-Plum Creek sells $575 mln in 10-yr notes