Koppers $300 million 10-year notes talked at 10%-10¼%, pricing Tuesday

By Paul A. Harris

St. Louis, Sept. 29 - Price talk of 10%-10¼% emerged Monday on Koppers Inc.'s upcoming sale of $300 million 10-year senior secured notes (B2/B), according to an informed source.

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

Credit Suisse First Boston is bookrunner on the Rule 144A offering.

The Pittsburgh-based producer of carbon compounds and treated wood products will use proceeds to redeem its 9 7/8% senior subordinated notes due 2007, repay part of its credit facility and pay a dividend to shareholders.

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