Tuesday, 24 March 2009

New Issuance -- Kansas City Southern de Mexico to Offer $200 Million of Seven-Year Debt

For those who kno little about this company, KCSM operates the primary commercial corridor of Mexico's railroad system. Here are details on the issue:

ISSUER: KANSAS CITY SOUTHERN DE MEXICO SA DE CV
SIZE: $200 MILLION
ISSUE: SENIOR UNSECURED NOTES
MATURITY: 2016
EXPECTED RATINGS: B2/B+
LEAD MANAGER: BANK OF AMERICA SECURITIES
JOINT LEADS: BANK OF NOVA SCOTIA / SUNTRUST
CHANGE OF CONTROLS: PUT AT 101% PLUS ACCRUED INTEREST
USE OF PROCEEDS: REPAYMENT AND TERMINATION OF THE COMPANY'S CREDIT FACILITY AND TERM LOAN; GENERAL CORPORATE PURPOSES
TIMING: TODAY

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