MSX International $100 million four-year notes talked at 11% area, pricing Monday afternoon

By Paul A. Harris

St. Louis, July 18 - Price talk of 11% area emerged Friday on MSX International Inc.'s upcoming sale of $100 million senior secured notes due 2007 (B2/B), according to a market source.

The deal is expected to price on Monday afternoon, the source added.

Jefferies & Co. is bookrunner on the Rule 144A deal.

Proceeds from the four-year non-call-two notes will be used to repay bank debt.

The company is a Southfield, Mich.-based provider of technical business services.

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