Amsted Industries $275 million eight-year notes talked at 9½% area, pricing Thursday

By Paul A. Harris

St. Louis, Aug. 4 - Price talk is 9½% area on Amsted Industries Inc.'s upcoming sale of $275 million eight-year non-call-four senior notes (B3/B), according to an informed source.

The deal is expected to price on Thursday, the source added.

Citigroup and Banc of America Securities are joint bookrunners on the Rule 144A for life deal.

Proceeds will be used to repay bank debt, for working capital and for general corporate purposes.

The company is a Chicago-based manufacturer of components for the rail, vehicular, construction and industrial markets.

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