Schefenacker €175 million 10-year notes price talk 9 3/8%-9½%, to price Wednesday

By Paul A. Harris

St. Louis, Feb. 3 - Price talk is 9 3/8% to 9½% on Schefenacker AG's proposed €175 million offering of 10-year senior subordinated (B2/B-), a market source said.

The deal is expected to price early Wednesday morning in London.

Citigroup is the bookrunner on the Rule 144A offering.

The notes will come with five years of call protection.

The Esslingen, Germany, auto parts company plans to use proceeds to repay bank debt.

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