Levitz launches $130 million seven-year notes via roadshow

By Paul A. Harris

St. Louis, Oct. 18 - Levitz Home Furnishings Inc. began a roadshow Monday for a $130 million offering of seven-year senior secured notes (B3/B-), according to a syndicate source.

Pricing is expected on Oct. 28.

Jefferies & Co. is the bookrunner for the Rule 144A offering.

The notes are non-callable for four years.

Proceeds will be used to repay existing debt.

Levitz is a Woodbury, N.Y.-based home furnishings company.

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