Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Earle M. Jorgensen Co. > News item |
Earle M. Jorgensen $250 million 10-year notes talk at 9¾% area, pricing Friday
By Paul A. Harris
St. Louis, Mo., May 15 - Price talk of a yield in the 9¾% area emerged Wednesday on Earle M. Jorgensen Co., Inc.'s $250 million of senior secured notes due 2012 (B-), according to a syndicate source who added that the deal is expected to price Friday.
Credit Suisse First Boston and Deutsche Bank Securities are joint bookrunners and JP Morgan is the co-manager.
The Rule 144A notes are non-callable for five years.
Proceeds will be used to repay the term loan and the 9½% senior notes due 2005, and to pay a $25 million dividend.
The Brea, Calif.-based company is a metal products distributor.
© 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.