American Standard Brands to sell $175 million five-year secured notes

By Paul A. Harris

Portland, Ore., Jan. 11 - American Standard Brands plans to sell $175 million of five-year senior secured notes, according to a late Tuesday press release.

The Piscataway, N.J., manufacturer of bath and kitchen fixtures will use the proceeds to repay bank debt and for general corporate purposes.

The notes, which will be issued via subsidiary AS America, Inc., will come formatted according to the provisions of Rule 144A and Regulation S.

No further details were available at press time.

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