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Dollar Financial $200 million eight-year notes talked at 9¾%-10%
By Paul A. Harris
St. Louis, Nov. 5 - Price talk of 9¾%-10% emerged Wednesday on Dollar Financial Group, Inc.'s upcoming sale of $200 million eight-year senior notes (B3/B), according to an informed source.
The deal is expected to price Friday.
Credit Suisse First Boston and Citigroup are joint bookrunners on the Rule 144A/Regulation S offer.
The notes will be non-callable for four years.
Dollar Financial will use proceeds to redeem its senior notes and senior subordinated notes and to repay bank debt.
The Berwyn, Pa. company is franchisor of check cashing stores.
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