Mariner $150 million eight-year notes talked at 10 1/8%-10 3/8%, pricing Thursday

By Paul A. Harris

St. Louis, Mo., June 19 - Official price talk of 10 1/8%-10 3/8% was issued Wednesday on Mariner Heath Care, Inc.'s upcoming sale of $150 million of senior subordinated notes due 2010 (B3/B-), according to a syndicate source. The deal is expected to price Thursday.

Goldman Sachs & Co. and UBS Warburg are joint bookrunners.

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

Proceeds will be used to repay debt.

The issuer is an Atlanta, Ga. operator of skilled nursing and assisted living facilities and long-term acute care hospitals.

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