Road King prices $350 million senior notes at 9.5%

The deal is more than six times covered, allowing the repeat issuer to price at the tight end of guidance.

Mei Tuicolo

September 15, 2010

Road King Infrastructure Finance priced $350 million of senior Reg-S notes yesterday evening. The five-year notes pay a 9.5% coupon and were reoffered at par for a yield of 9.5% as well. The spread to the five-year US Treasury at the time of pricing was 801.4bp.

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