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Midwest Generation $1 billion 30-year notes talked at 81/4-8½%, to price Thursday
By Paul A. Harris
St. Louis, April 13 - Price talk is 8¼% to 8½% on Midwest Generation LLC's proposed $1 billion offering of 30-year second priority senior secured notes (B-), a syndicate source said.
The deal is expected to price on Thursday.
Credit Suisse First Boston, Citigroup, Lehman Brothers and JP Morgan are joint bookrunners on the Rule 144A offering.
The notes come with a 10-year put and five years of call protection.
Proceeds will be used to refinance debt.
The issuer is a Rosemead, Calif.-based subsidiary of Edison Mission Energy.
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