Hexcel to price $200 million 10-year notes Thursday

By Paul A. Harris

St. Louis, Jan. 26 - Hexcel Corp. plans to sell $200 million of 10-year senior subordinated notes (Caa1) in a quick-to-market transaction on Thursday, according to a syndicate source.

An investor conference call is scheduled to take place at 10 a.m. ET Thursday.

Goldman Sachs & Co. has the books for the Rule 144A offering. Deutsche Bank Securities and Credit Suisse First Boston are joint lead managers. Banc of America Securities LLC is the co-manager.

The notes will come with five years of call protection.

Proceeds will be used to partially redeem the company's 9¾% senior subordinated notes due 2009.

Hexcel is a Stamford, Conn.-based manufacturer of composite materials for aerospace, defense, electronics and industrial purposes.

© 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.