Alon USA $150 million eight-year notes talked at 11% area, pricing Thursday

By Paul A. Harris

St. Louis, May 21 - Price talk of 11% area emerged Wednesday on Alon USA's upcoming offering of $150 million senior notes due 2011 (B3/B), according to an informed source.

The deal is expected to price on Thursday, the source added.

Merrill Lynch & Co. and Credit Suisse First Boston are joint bookrunners for the Rule 144A transaction.

The notes are non-callable for four years.

Proceeds will be used to refinance debt and for general corporate purposes.

Alon USA is a privately held petroleum products refiner and marketer.

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