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Le-Nature's $150 million 10-year notes talked at 9% area, pricing Wednesday morning
By Paul A. Harris
St. Louis, June 16 - Price talk is 9% area on Le-Nature's, Inc.'s upcoming sale of $150 million 10-year senior subordinated notes (B3/B-), according to a market source.
The deal is expected to price on Wednesday morning, the source added.
Wachovia Securities, Inc. is the bookrunner.
The notes will be non-callable for five years, with proceeds going to repay bank debt and for general corporate purposes.
The issuer is a Latrobe, Pa. manufacturer of flavored bottled water and other beverages.
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