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Esterline Technologies $150 million 10-year notes talked at 7¾%-8%, pricing late Wednesday
By Paul A. Harris
St. Louis, June 2 - Price talk of 7¾%-8% emerged Monday on Esterline Technologies Corp.'s upcoming sale of $150 million 10-year senior subordinated notes (B+), according to a market source.
The deal is expected to price late Wednesday.
Wachovia Securities, Inc. is the bookrunner for the Rule 144A deal.
The notes are non-callable for five years.
The Bellevue, Wash. aerospace and defense specialty component manufacturer will use proceeds to fund its acquisition of Weston Aerospace, to repay its credit facility and for general corporate purposes.
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