Lorillard Tobacco Sells $1 Bln of Debt in 2 Parts

Source from:  Reuters 04/08/2010

Lorillard Tobacco Co on Wednesday sold $1.0 billion of debt in a two-part sale, said IFR, a Thomson Reuters service. The offering included $750 million of 10-year notes priced to yield 300 basis points over comparable U.S. Treasuries and $250 million of 30-year bonds priced to yield 340 basis points more than U.S. Treasuries, according to IFR. The debt is guaranteed by Lorillard Inc. The active joint bookrunning managers on the sale were Barclays and TBS. Enditem