Mueller Water Products to sell $350 million 10-year notes

New York, May 10 - Mueller Water Products, Inc. said it plans to offer $350 million of senior subordinated notes due 2017.

Proceeds, along with cash on hand and credit facility borrowings, will be used to fund the company's tender for its 10% senior subordinated notes due 2012 and 14¾% senior discount notes due 2014.

The Atlanta-based maker of infrastructure and flow control products for use in water distribution networks and treatment facilities will sell the new notes under Rule 144A and Regulation S.

No further details were available at press time.

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