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New Issue- ERAC sells $1 bln in 3 parts

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Oct 11 (Reuters) - ERAC USA Finance LLC sold $1 billion ofnotes in three parts in the 144a private placement market OnWednesday, said IFR, a Thomson Reuters service.

The notes are guaranteed by Enterprise Holdings Inc.

Bank of America Merrill Lynch, Goldman Sachs and Wells Fargowere the joint active bookrunning managers for the sale.

BORROWER: ERACTRANCHE 1AMT $250 MLN COUPON 1.4 PCT MATURITY 04/15/2016TYPE NTS ISS PRICE 99.84 FIRST PAY 04/15/2013MOODY'S Baa1 YIELD 1.447 PCT SETTLEMENT 10/15/2012S&P BBB-PLUS SPREAD 110 BPS PAY FREQ SEMI-ANNUALFITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 20 BPSTRANCHE 2AMT $500 MLN COUPON 3.3 PCT MATURITY 10/15/2022TYPE NTS ISS PRICE 99.688 FIRST PAY 04/15/2013MOODY'S Baa1 YIELD 3.337 PCT SETTLEMENT 10/15/2012S&P BBB-PLUS SPREAD 165 BPS PAY FREQ SEMI-ANNUALFITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 25 BPS

TRANCHE 3 (REOPENING)AMT $250 MLN COUPON 5.625 PCT MATURITY 03/15/2042TYPE NTS ISS PRICE 107.597 FIRST PAY 03/15/2013MOODY'S Baa1 YIELD 5.122 PCT SETTLEMENT 10/15/2012S&P BBB-PLUS SPREAD 225 BPS PAY FREQ SEMI-ANNUALFITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 40 BPS

((New Issue by Thomson Reuters)(+1-646-223-6886 e-mail:uscorpbonds@reuters.com))

Keywords: ERAC NOTES/