Quality Distribution $175 million five-year notes talked at 12¾%-13%

By Paul A. Harris

St. Louis, June 9 - Price talk is 12¾%-13% on Quality Distribution, LLC and QD Capital Corp.'s upcoming sale of $175 million five-year senior secured notes (Caa1/B-), according to an informed source.

The deal is expected to price on Wednesday, the source said.

Credit Suisse First Boston is the bookrunner for the Rule 144A deal. Deutsche Bank Securities Inc. is the co-manager.

The notes will be non-callable for three years.

Proceeds will be used to repay bank debt.

The Tampa, Fla.-based company operates tank truck fleets.

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