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Medex $150 million 10-year notes coming during first half of May
By Paul A. Harris
St. Louis, April 28 - Medex, Inc. is expected to price $150 million of senior subordinated notes due 2013 (B3/B-) during the first two weeks of May, according an informed sources.
Lehman Brothers and Wachovia Securities, Inc. are joint bookrunners for the Rule 144A deal. Banc One Capital Markets is co-manager.
The Dublin, Ohio-based seller of disposable and non-disposable critical care products also will obtain a $200 million credit facility, with proceeds from the new debt used to help fund Medex and One Equity's leveraged buyout of Johnson & Johnson's Jelco peripheral IV catheter business.
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