Accuride $225 million 10-year notes talked to yield 8 3/8%-8 5/8%, to price Wednesday

By Paul A. Harris

St. Louis, Jan. 25 - Price talk on Accuride Corp.'s $225 million offering of 10-year senior subordinated notes (Caa1/B-) is 8 3/8% to 8 5/8%, according to market sources.

The notes are expected to price on Wednesday.

Lehman Brothers, Citigroup and UBS Investment Bank are joint bookrunners.

The company is also obtaining a $740 million credit facility.

Proceeds will be used to refinance debt in conjunction with the acquisition of Transportation Technologies Industries.

Accuride is an Evansville, Ind.-based manufacturer and supplier of wheels for heavy and medium trucks and trailers.

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