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Ethyl Corp. $150 million seven-year senior notes talked at 9%-9¼%
By Paul A. Harris
St. Louis, April 14 - Price talk of 9%-9¼% emerged Monday on Ethyl Corp.'s upcoming sale of $150 million of seven-year senior notes (B2/B), according to a syndicate source.
The deal is expected to price Tuesday afternoon, the source added.
Credit Suisse First Boston is the bookrunner. UBS Warburg and SunTrust Robinson Humphrey are co-managers.
Proceeds from the Rule 144A notes will be used to refinance existing debt.
The Richmond, Va. firm is a fuel and lubricant additives company.
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