Keystone Automotive $175 million 10-year notes talked at 9¾%-10%, pricing Thursday

By Paul A. Harris

St. Louis, Oct. 22 - Price talk is 9¾%-10% on Keystone Automotive Operations, Inc.'s upcoming sale of $175 million of 10-year senior subordinated notes (B3/B-), according to an informed source.

The deal is expected to price on Thursday.

Banc of America Securities and UBS Investment Bank will run the books for the Rule 144A (with registration rights) offering.

The notes will be non-callable for five years.

Proceeds will be used to help finance the LBO of Keystone by Bain Capital.

The company is a distributor of specialty automotive equipment.

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