LBI Media $200 million 10-year notes talked at 9% area, pricing Friday afternoon

By Paul A. Harris

St. Louis, Mo., June 27 - Price talk of the 9% area emerged Thursday on LBI Media, Inc.'s upcoming sale of $200 million 10-year senior subordinated notes (B3/B-), according to a syndicate source. The deal is expected to price Friday afternoon.

Credit Suisse First Boston and UBS Warburg are joint bookrunners. Fleet Securities, Banc of America Securities and CIBC World Markets are co-managers.

The Rule 144A notes are non-callable for five years.

Proceeds will be used to repay existing debt, fund pending acquisitions and for general corporate purposes.

The issuer is a Los Angeles-based Spanish language radio and TV operator.

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