Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Entercom Communications Corp. > News item |
Entercom Communications $150 million 12-year notes talked at 7 5/8%-7 7/8%
By Paul A. Harris
St. Louis, Mo., Feb. 26 - Official price talk of 7 5/8%-7 7/8% was heard Tuesday on Entercom Communications Corp.'s offering $150 million senior subordinated notes due 2014 (Ba3/B+), according to a syndicate source who added that the deal is expected to price late Wednesday.
Joint bookrunners for the off-the-shelf notes are Credit Suisse First Boston and Deutsche Banc Alex. Brown. Co-managers are Banc of America Securities and Morgan Stanley.
The Bala Cynwyd, Pa.-based radio broadcasting company intends to use the proceeds to repay bank debt, to fund acquisitions and for general corporate purposes.
© 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.