Final Term Sheet
Filed Pursuant to Rule 433
Registration No. 333-151838
June 23, 2008
Cameron International Corporation
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Issuer |
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Cameron International Corporation |
|
Security |
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6.375% Senior Notes due 2018 (“2018 Notes”) 7.000% Senior Notes due 2038 (“2038 Notes”) |
|
Ratings (Moody’s / S&P) |
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Baa1/BBB+ (Stable / Stable) |
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Amount |
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2018 Notes: $450,000,000 2038 Notes: $300,000,000 |
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Type |
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SEC Registered |
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Settlement Date |
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June 26, 2008 |
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Maturity Dates |
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2018 Notes: July 15, 2018 2038 Notes: July 15, 2038 |
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Coupon |
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2018 Notes: 6.375% 2038 Notes: 7.000% |
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Coupon Payment Dates |
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Semi-annual payments on January 15 and July 15 of each year, beginning January 15, 2009 |
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Optional Redemption |
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2018 Notes: Make-whole call at T+ 40 bps 2038 Notes: Make-whole call at T+ 40 bps |
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Benchmark |
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2018 Notes: UST 3.875% due May 15, 2018 2038 Notes: UST 5.000% due May 15, 2037 |
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Benchmark Yield |
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2018 Notes: 4.168% 2038 Notes: 4.693% |
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Reoffer Spread |
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2018 Notes: + 222 bps 2038 Notes: + 235 bps |
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Reoffer Yield |
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2018 Notes: 6.388% 2038 Notes: 7.043% |
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Price to Public |
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2018 Notes: 99.899% 2038 Notes: 99.459% |
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Joint Bookrunners |
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J.P. Morgan Securities Inc. Morgan Stanley & Co. Incorporated UBS Securities LLC |
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Senior Co-managers |
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DnB NOR Markets, Inc Greenwich Capital Markets, Inc Mitsubishi UFJ Securities International plc |
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Co-managers |
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BBVA Securities Inc. Citigroup Global Markets Inc. Standard Chartered Bank UniCredit Capital Markets, Inc. |
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CUSIP |
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2018 Notes: 13342B AC9 2038 Notes: 13342B AD7 |
Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering.
You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling J.P. Morgan Securities Inc. collect at 1-212-834-4533, Morgan Stanley & Co. Incorporated toll-free at 1-866-718-1649 or UBS Securities LLC toll-free at 1-877-827-6444 ext 561-3884.