Philips Electronics N.V., the Netherlands-based electronics giant, priced a $432 million credit tenant lease Friday, according to a source familiar with the transaction.

The offering was priced at 240 basis points over the Interpolated Treasury Curve Eight and a Half.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.