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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Joy Global Inc. (MM) | NASDAQ:JOYG | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 89.65 | 0 | 01:00:00 |
Issuer:
|
Joy Global Inc. (Joy Global) | |
Security Description:
|
5.125% Senior Notes due 2021 | |
Size:
|
$500,000,000 | |
Maturity:
|
October 15, 2021 | |
Coupon:
|
5.125% | |
Price:
|
99.151% of face amount | |
Yield to Maturity:
|
5.235% | |
Spread to Benchmark Treasury:
|
325 basis points | |
Benchmark Treasury:
|
2.125% due August 15, 2021 | |
Benchmark Treasury Price and Yield:
|
101-08 1.985% | |
Interest Payment Dates:
|
October 15 and April 15, commencing April 15, 2012 | |
Redemption Provisions:
|
||
Optional Redemption:
|
At any time at a discount rate of Treasury plus 50 basis points, plus accrued and unpaid interest to the redemption date | |
Special Acquisition Redemption:
|
In the event that (i) Joy Global does not consummate the 41.1% Acquisition by (a) if Joy Global receives regulatory approval of the 41.1% Acquisition from MOFCOM prior to July 1, 2012, July 1, 2012 or (b) if Joy Global has not received regulatory approval for the 41.1% Acquisition from MOFCOM prior to July 1, 2012, October 1, 2012 (in either case, the Acquisition Deadline Date) or (ii) the share purchase agreement dated as of July 11, 2011 for such 41.1% Acquisition (the IMM Purchase Agreement) is terminated at any time prior to the Acquisition Deadline Date, then Joy Global will have the option to redeem the Notes, in whole but not in part, on the Special Acquisition Redemption Date at a redemption price equal to 101% of the aggregate principal amount of the Notes, plus accrued and unpaid interest from the interest payment date immediately preceding the Special Acquisition Redemption Date (or, if no such interest payment date has passed, the date of initial issuance) to, but excluding, the Special Acquisition Redemption Date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date). | |
|
||
|
The Special Acquisition Redemption Date means the earlier to occur of (1) the 30th day (or if such day is not a business day, the first business day thereafter) after the Acquisition Deadline Date, if the 41.1% Acquisition has not been completed on or prior to the Acquisition Deadline Date, or (2) the 30th day (or if such day is not |
|
a business day, the first business day thereafter) following the termination of the IMM Purchase Agreement for any reason. | |
Change of Control:
|
At 101% of principal, plus accrued and unpaid interest to the date of repurchase | |
Trade Date:
|
October 6, 2011 | |
Settlement:
|
October 12, 2011 (T+3) | |
CUSIP/ISIN:
|
481165 AJ7 / US481165AJ77 | |
Denominations:
|
$2,000 and integral multiples of $1,000 in excess thereof | |
Ratings (Moodys / S&P):*
|
Baa2 / BBB | |
Bookrunners:
|
Goldman, Sachs & Co.
J.P. Morgan Securities LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated |
|
Co-Managers:
|
Mizuho Securities USA Inc.
Mitsubishi UFJ Securities (USA), Inc. Wells Fargo Securities, LLC |
* | An explanation of the significance of ratings may be obtained from the ratings agencies. Generally, ratings agencies base their ratings on such material and information, and such of their own investigations, studies and assumptions, as they deem appropriate. The security ratings above are not a recommendation to buy, sell or hold the securities offered hereby. The ratings may be subject to review, revision, suspension, reduction or withdrawal at any time by Moodys and Standard & Poors. Each of the security ratings above should be evaluated independently of any other security rating. |
2
1 Year Joy Global Chart |
1 Month Joy Global Chart |
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