Greif Bros. $300 million 10-year notes talked at 8 5/8%-8 7/8%, pricing Thursday

By Paul A. Harris

St. Louis, Mo., July 24 - Official price talk is 8 5/8%-8 7/8% on Greif Bros. Corp.'s planned sale of $300 million of 10-year senior subordinated notes (B2/B+), according to a syndicate source. The deal is expected to price Thursday.

Salomon Smith Barney is the bookrunner.

The Rule 144A/Reg S deal is coming in dollar and euro tranches, the sizes of which remained to be determined at press time Wednesday.

The notes are non-callable for five years.

The Delaware, Ohio industrial container producer will use proceeds to refinance debt.

© 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.