Dunlop Standard Aerospace price talk 105 area on $125 million add-on

By Paul A. Harris

St. Louis, Feb. 3 - Price talk of 105 area emerged Tuesday on Dunlop Standard Aerospace Holdings plc's proposed $125 million add-on to its 11 7/8% senior notes due May 15, 2009 (B3/CCC+), a market source said.

The deal is expected to price Wednesday afternoon.

Credit Suisse First Boston is the bookrunner on the Rule 144A offering.

The notes are callable on May 15, 2004 at 105.938, with the call premium declining annually from that date to 103.958, 101.979, and to par on May 15, 2007 and thereafter.

Proceeds will be used to repay the company's revolver, to fund the pending acquisition sponsored by Doughty Hanson, and for general corporate purposes.

The original $225 million issue priced May 7, 1999.

The Coventry, U.K., company provides aftermarket parts and services to the aerospace and defense industries.

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