New bond issue: GLDD issued international bonds for USD 325.0m maturing in 2022 with a 8% coupon.

May 19, 2017 - Cbonds

 

GLDD issued international bonds for USD 325.0m maturing in 2022 with a 8% coupon. Bonds were sold at a price of 100%. Bookrunner: Deutsche Bank, KKR, PNC Bank, Baird, SunTrust Banks
Depository: Euroclear Bank, Clearstream Banking S.A..
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Issuer, issue numberGLDD, 8% 15may2022, USD
Type of debt instrumentInternational bonds
Issue statusoutstanding
Type of placementPublic
Par, currency of issueUSD 2,000
Amount325,000,000
ISINUSU39023AF07
End of placement05/18/2017
Initial issue price100
Coupon8%
Coupon frequency2 time(s) per year
Settlement date05/24/2017
Maturity date05/15/2022
Issue ManagersBookrunner: Deutsche Bank, KKR, PNC Bank, Baird, SunTrust Banks Depository: Euroclear Bank, Clearstream Banking S.A.
Issuer: GLDD
Issuer profile:
Great Lakes Dredge & Dock Corporation is a provider of dredging services in the United States. Great Lakes provides dredging services in the East, West, and Gulf Coasts of the United States and world... more
Outstanding issues:
2 issuesUSD575,000,000
Issuer rating:
Moody's Investors ServiceB3/LT- local currency11/24/2015
S&P Global RatingsB-/StableForeign Currency LT05/12/2017
S&P Global RatingsB-/StableLocal Currency LT05/12/2017