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RPM International Inc. Message Board

  • the_millionaire_next_door the_millionaire_next_door May 8, 2003 12:19 PM Flag

    Details on the CVs

    Probably easier to read in the yahoo news section, but here is my cut-and-paste.


    WHITE PLAINS, N.Y., May 8 (Reuters) - RPM International
    Inc. (NYSE:RPM - News) sold $125 million of 30-year senior convertible
    bonds in the 144a private placement market, market sources said
    on Thursday.
    The securities were sold with a coupon of 1.389 percent and
    at a premium of 50 percent above Wednesday's $12.45 closing
    price of the company's shares on the New York Stock Exchange (News - Websites).
    Merrill Lynch & Co. was the sole lead manager for the sale,
    the sources said.
    BORROWER: RPM INTERNATIONAL INC.
    AMT $125 MLN (PRCDS)* COUPON 1.389 PCT MATURITY 5/13/2033
    CONV PRICE 18.68 CONVRATIO 27.0517 ACCR INT 05/13/2003
    TYPE SR CONV BONDS ISS PRICE 50.519 FIRST PAY 11/13/2003
    LAST MOODY'S Baa3 YIELD 2.75 PCT PAY FREQ SEMI-ANNUAL
    LAST S&P BBB CNV PREM 50 PCT NON-CALLABLE 5
    YEARS**
    *$25 MLN GREENSHOE OVERALLOTMENT OPTION (20 PCT)
    **PUTS AFTER 5, 10, 15, 20 AND 25 YEARS

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