Ames True Temper to repay term loan with bond proceeds

By Sara Rosenberg and Paul A. Harris

New York, Jan. 7 - Ames True Temper Inc. plans to repay its term loan with proceeds from a proposed $150 million seven-year senior floating-rate notes offering, according to a market source.

The notes are expected to price early next week.

Ames True Temper is a Camp Hill, Pa.-based manufacturer and marketer of non-powered lawn and garden tools and accessories.

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