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Gardner Denver to back Thomas Industries purchase with $125 million bond
By Paul A. Harris and Sara Rosenberg
St. Louis, April 12 - Gardner Denver Inc. is expected to sell $125 million of high-yield bonds as part of the financing backing its acquisition of Thomas Industries Inc., a Louisville, Ky., compressor company, according to a market source.
The roadshow is expected to get underway soon, the source added.
Bear Stearns & Co. and JP Morgan will lead the deal.
Gardner Denver will also launch a $230 million incremental term loan A at a bank meeting on Wednesday as part of the same financing.
Gardner Denver is a Quincy, Ill., compressor manufacturer.
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