Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for Gerdau Ameristeel Corp. > News item |
Gerdau Ameristeel $400 million eight-year notes talked at 10% area, pricing Friday
By Paul A. Harris
St. Louis, June 19 - Price talk is 10% area on Gerdau Ameristeel Corp. $400 million of eight-year non-call-four senior notes (B2/B+), according to a market source.
The deal is expected to price on Friday, the source added.
JP Morgan and Banc of America Securities are joint bookrunners on the Rule 144A deal. CIBC World Markets is co-manager.
Proceeds will be used to repay debt.
The company is a Toronto minimill steel producer.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.