Issuer: | Cintas Corporation No. 2. | |
Guarantors: | Cintas Corporation and the subsidiary guarantors. | |
Anticipated Ratings: | A2 (Moodys); A (S&P). | |
Issue of Securities: | 6.15% Senior Notes due 2036. | |
Principal Amount: | $250,000,000. | |
Coupon: | 6.15%. | |
Interest Payment Dates: | Semi-annually on February 15 and August 15, commencing February 15, 2007. | |
Maturity: | August 15, 2036. | |
Treasury Benchmark: | 4.5% due February 15, 2036. | |
US Treasury Yield: | 4.998%. | |
Spread to Treasury: | 120 basis points. | |
Re-offer Yield: | 6.198%. | |
Initial Price to Public: | Per Senior Note: 99.352%; Total: $248,380,000. | |
Underwriters Discount: | Per Senior Note: 0.750%; Total: $1,875,000. | |
Proceeds, before expenses, to us: | Per Senior Note: 98.602%; Total: $246,505,000. | |
Optional Redemption: | Make Whole Spread: 20 basis points. | |
Minimum Denomination: | $1,000. | |
Expected Settlement Date: | August 22, 2006 (T+3). | |
CUSIP: | 17252MAG5. | |
ISIN: | US17252MAG50. | |
Sole Book-Running Manager: | KeyBanc Capital Markets, a division of McDonald Investments Inc. ($162,500,000). | |
Co-Managers: | Goldman, Sachs & Co. ($37,500,000), JPMorgan ($12,500,000), Lazard Capital Markets ($12,500,000), NatCity Investments, Inc. ($12,500,000), Wells Fargo Securities ($12,500,000). |