Marietta postpones $75 million seven-year notes

By Paul A. Harris

St. Louis, Mo., July 24 - Marietta Corp. postponed its planned offering of $75 million of seven-year senior secured notes (B3/B-), an informed source told Prospect News on Wednesday.

Jefferies & Co. was the bookrunner on the Rule 144A deal, the proceeds from which were slated to refinance $39 million of existing debt and to fund the acquisition of Morton's Restaurant Group.

Although Morton shareholders reportedly have accepted a buyout offer from Castle Harlan, the source attributed the Marietta postponement primarily to present market conditions.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.