November 15, 2012 / 6:24 PM / 5 years ago

New Issue- Ainsworth Lumber sells $350 mln in notes

Nov 15 (Reuters) - Ainsworth Lumber Co Ltd on
Wednesday sold $350 million of senior secured notes in the 144a
private placement market, said IFR, a Thomson Reuters service. 
    Bank of America Merrill Lynch was the sole bookrunning
manager for the sale.

BORROWER: AINSWORTH LUMBER

AMT $350 MLN    COUPON 7.5 PCT     MATURITY    12/15/2017  
TYPE SR NTS     ISS PRICE 100      FIRST PAY   06/15/2013 
MOODY'S B2      YIELD 7.5 PCT      SETTLEMENT  11/27/2012   
S&P SINGLE-B    SPREAD 688 BPS     PAY FREQ    SEMI-ANNUAL
FITCH N/A        MORE THAN TREAS   MAKE-WHOLE CALL 50 BPS

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