SGS $200 million eight-year notes talked at 11¼%-11½%, to price Thursday

By Paul A. Harris

St. Louis, Dec. 13 - SGS International has talked its $200 million offering of eight-year senior subordinated notes to yield 11¼% to 11½%, according to an informed source.

Pricing is set for Thursday.

UBS Investment Bank and Lehman Brothers are joint bookrunners for the notes, which will be sold via Rule 144A with registration rights.

The notes will come with four years of call protection.

Proceeds will be used to partially fund the leveraged buyout of Southern Graphics Systems Inc. by Citigroup Venture Capital.

The prospective issuer is a Louisville, Ky.-based digital imaging and communications services provider that also provides graphic services to the consumer products packaging market.

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