Issuer: | Hanover Compressor Company |
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Security Description: | Senior Notes |
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Distribution: | SEC Registered |
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Face: | $150,000,000 |
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Gross Proceeds: | $150,000,000 |
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Net Proceeds to Issuer (Before Expenses): | $146,625,000 |
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Coupon: | 7.500% |
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Maturity: | April 15, 2013 |
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Offering Price: | 100.000% |
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Yield to Maturity: | 7.500% |
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Spread to Treasury: | +280 bps |
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Benchmark: | UST 3.625% 5/13 |
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Ratings: | B3/B |
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Interest Pay Dates: | April 15 and October 15 |
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Beginning: | October 15, 2006 |
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Clawback: | Up to 35% at 107.5% |
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Until: | April 15, 2009 |
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Optional redemption: | Make-whole call @T+50 bps prior to April 15,
2010, then: |
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April 15, 2010: | 103.750% |
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April 15, 2011: | 101.875% |
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April 15, 2012 and thereafter: | 100.000% |
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Change of control: | Put @ 101% of principal plus accrued interest |
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Trade Date: | March 27, 2006 |
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Settlement Date: | (T+4) March 31, 2006 |
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CUSIP: | 410768AH8 |
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ISIN: | US410768AH87 |
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Bookrunners: | JPMorgan Credit Suisse |
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Co-Managers: | Citigroup Deutsche Bank Securities Morgan Stanley Wachovia Securities |