Oxford Industries $175 million eight-year notes talked at 9%-9¼%

By Paul A. Harris

St. Louis, May 2 - Price talk of 9%-9¼% was heard Friday on Oxford Industries, Inc.'s upcoming sale of $175 million eight-year senior notes (B2/B), according to a market source.

The deal is expected to price on Tuesday

Merrill Lynch & Co. is the bookrunner. SunTrust Robinson Humphrey is co-manager.

The Rule 144A notes are non-callable for four years.

Proceeds, together with borrowings under a new senior secured revolver and cash on hand, will be used to finance the cash portion of the company's acquisition of Viewpoint International, Inc.

The issuer is an Atlanta-based manufacturer and wholesale marketer of branded and private label apparel for men, women and children.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.