Appleton Papers to offer $350 million seven-, 10-year notes via Bear Stearns

By Paul A. Harris

St. Louis, May 12 - Appleton Papers Inc. plans to sell $350 million of high-yield notes in two Rule 144A/Regulation S tranches via Bear Stearns & Co. and UBS Investment Bank, according to market sources.

Timing remains to be determined.

The Appleton, Wis., carbonless paper and printing products company intends to sell $150 million of seven-year senior notes and $200 million of 10-year senior subordinated notes.

Proceeds will be used to repay debt.

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