Hawk to launch bond deal in mid-October via Jefferies to fund tender

By Paul A. Harris

St. Louis, Oct. 1 - Hawk Corp., a Cleveland-based supplier of highly engineered friction products, will launch a bond deal in mid-October to fund the tender offer for $66.3 million of 12% senior notes due 2006 and to repay bank debt, according to an informed source.

Pricing is expected to take place late in the same month.

Jefferies & Co. will run the books for the Rule 144A deal.

Size and structure remain to be determined; however, the notes are expected to have a seven-year maturity and to come with four years of call protection.

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