WCI Communities $200 million 10-year notes talked at 9 1/8%-9 3/8%, pricing Thursday

By Paul A. Harris

St. Louis, Mo., April 17 - Price talk of 9 1/8%-9 3/8% emerged Wednesday on WCI Communities, Inc.'s offering of $200 million 10 year senior subordinated notes (B1/B), according to syndicate sources who added that the deal will price Thursday.

UBS Warburg is the bookrunner. Credit Suisse First Boston, Deutsche Bank Securities Inc. and Fleet Securities are co-managers.

The Rule 144A notes are non-callable for five years.

Proceeds will be used to repay debt.

The company is a homebuilder based in Bonita Springs, Fla.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.