New World Restaurant $160 million 5-year notes talked at 12¼% to 12¾%

By Paul A. Harris

St. Louis, June 3 - New World Restaurant Group, Inc.'s $160 million of five-year senior secured notes (B3/B-) are talked at 12½% plus or minus 25 basis points, according to an informed source.

The deal is expected to price at the end of this week, the source added.

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

Proceeds will be used to repay debt including the company's senior secured increasing-rate notes due June 2006.

New World is a Hamilton, N.J. restaurant operator.

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