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Senior Housing $200 million notes talked in 8¾% area, pricing Thursday
By Paul A. Harris
St. Louis, Mo., Dec. 12 - Price talk of a yield in the 8¾% area came out Wednesday on Senior Housing Properties' $200 million offering of senior notes due 2011 (Ba2/BB).
A syndicate source also told Prospect News that the maturity of the notes has been modified. "Instead of a seven-year, we have decided, through the company, to change it to a 10-year," the source said.
The deal will price Thursday, according to the source.
The bookrunner is UBS Warburg with co-managers Dresdner Kleinwort Wasserstein, Wachovia Securities, BMO Nesbitt Burns, CIBC World Markets, PNC Capital Markets and S.G. Cowen.
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