Affinion talks $350 million 9.5-year notes at 12% area, pricing set for Friday

By Paul A. Harris

St. Louis, April 20 - Affinion Group talked its $350 million offering of 9.5-year senior subordinated notes (Caa1/B-) at the 12% area on Thursday, according to a market source.

The issue is expected to price on Friday.

Credit Suisse and Deutsche Bank are the bookrunners.

Proceeds will be used to repay the company's senior subordinated bridge facility.

The prospective issuer is a Norwalk, Conn., direct marketer of membership, insurance and package enhancement products.

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