Southern States sets talk for $130 million eight-year notes at 9¼% area

By Aleesia Forni

Virginia Beach, Va., July 31 - Southern States Cooperative, Inc. has set price talk for its planned $130 million offering of eight-year senior notes at the 9¼% area, according to an informed source.

BMO Capital Markets Corp. is the bookrunner. Fifth Third Securities Inc., PNC Capital Markets and RB International Markets are the co-managers.

The Rule 144A and Regulation S without registration rights notes come with four years of call protection.

The Richmond, Va.-based supplier of agricultural products and services plans to use the proceeds to refinance debt.

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