Spanish Broadcasting Privately Sells $100 Million In Notes.
April 29, 2001
Spanish Broadcasting System privately sold $100 million in an add-on to its 9.625 percent due November 1, 2009 senior subordinated notes, originally issued in October 1999.
Lehman Brothers was the sole lead-manager for the sale, according to Reuters.
BORROWER: SPANISH BROADCASTING SYSTEM INC. AMT $100 MLN COUPON 9.625 PCT MATURITY 11/1/2009 TYPE SR SUB NOTES ISS PRICE 98.00 FIRST PAY DATE 11/1/2001 LAST MOODY’S B3 YIELD 9.979 PCT PAY FREQ SEMI-ANNUAL LAST S&P B-MINUS SPREAD N/A CALLABLE NOVEMBER 1, 2004
