Issuer: | Cintas Corporation No. 2 |
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Guarantors: | Cintas Corporation and the subsidiary guarantors |
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Anticipated Ratings: | A2 (Moodys); A (S&P) |
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Issue of Securities: | 6.125% Senior Notes due 2017 |
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Principal Amount Offered: | $50,000,000 |
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New Aggregate Principal Amount: | $300,000,000 |
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Coupon: | 6.125% per annum |
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Accrued Interest to Company: | $314,756.94; 6.125% accrued from and including
December 7, 2007 to, but excluding, January 14, 2008 |
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Interest Payment Dates: | Semi-annually on June 1 and December 1, commencing June 1, 2008 |
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Maturity Date: | December 1, 2017 |
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Treasury Benchmark: | 4.25% due November 15, 2017 |
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US Treasury Yield: | 3.793% |
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Spread to Treasury: | 215.7 basis points |
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Re-offer Yield: | 5.950% |
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Initial Price to Public: | Per Senior Note: 101.287%; Total: $50,643,500 |
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Underwriters Discount: | Per Senior Note: 0.650%; Total: $325,000 |
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Proceeds, before expenses, to us: | Per Senior Note: 100.637%; Total: $50,318,500 |
Optional Redemption: | Make-whole Spread: 35 basis points |
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Offer to Repurchase: | Upon the occurrence of both (i) a change of
control of Cintas and (ii) a downgrade of the
notes below an investment grade rating by each
of Moodys Investors Service, Inc. and Standard
& Poors Ratings Services within a specified
period, Cintas will be required to make and
offer to purchase the notes at a price equal to
101% of their principal amount, plus accrued
and unpaid interest to the date of repurchase. |
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Minimum Denomination: | $1,000 and integral multiples of $1,000 |
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Expected Settlement Date: | January 14, 2008 (T+3) |
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CUSIP Number: | 17252MAH3 |
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ISIN Number: | US17252MAH34 |
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Sole Book-Running Manager: | KeyBanc Capital Markets Inc. |