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Prospect News home > News index > List of issuers E > Headlines for Evergreen International Aviation Inc. > News item |
Evergreen International $225 million seven-year notes talked at 11¾%-12%, pricing Thursday
By Paul A. Harris
St. Louis, May 7 - Price talk is 11¾%-12% on Evergreen International's upcoming sale of $225 million seven-year senior secured second lien notes (B-), according to a market source.
The deal is expected to price on Thursday morning.
Morgan Stanley is the bookrunner. Merrill Lynch & Co. and PNC are co-managers.
Proceeds will be used to repay debt.
The issuer is an air cargo shipping firm headquartered in McMinnville, Ore.
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