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Land O'Lakes to start roadshow Monday for $150 million seven-year notes
By Paul A. Harris
St. Louis, Dec. 3 - Land O'Lakes Inc. will start a roadshow Monday for an offering of $150 million of senior secured second lien notes due 2010, according to a market source.
Pricing is expected on Dec. 12 or Dec. 15.
JP Morgan will run the books on the Rule 144A deal.
Proceeds from the seven-year non-call-four-year notes will be used to repay debt.
Land O'Lakes is an Arden Hills, Minn.-based farmer-owned food and agricultural cooperative.
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