Alltrista $150 million 10-year notes talk at 9 5/8%-9 7/8%, pricing late Wednesday

By Paul A. Harris

St. Louis, Mo., April 9 - Price talk of 9 5/8%-9 7/8% emerged Tuesday on Altrista, Inc.'s offering of $150 million senior subordinated notes due 2012 (B-), according to a syndicate source who added that the deal is expected to price late Wednesday.

Banc of America Securities and CIBC World Markets are joint bookrunners. NatCity Investments is co-manager.

The Rule 144A notes are non-callable for five years and contain a three-year equity clawback for 35%.

Proceeds will be used to fund the acquisition of Tilia International and to repay bank debt.

The canning and storage products manufacturer is based in Rye, N.Y.

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