Metaldyne $300 million 10-year notes talked at 9¾%-10%, pricing Thursday

By Paul A. Harrris

St. Louis, Mo., June 11 - Price talk of 9¾%-10% circulated the market Tuesday on Metaldyne Corp.'s upcoming offering of $300 million 10-year senior subordinated notes (B), according to a syndicate source. The deal is expected to price Thursday

Credit Suisse First Boston, JP Morgan and Deutsche Bank Securities Inc. are joint bookrunners. Wachovia Securities is a co-manager

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

Proceeds will be used to repay bank debt.

The issuer is a Plymouth, Mich.-based designer and supplier of metal-based parts for automotive industry.

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