Superior Essex $275 million eight-year notes price talk 8¾% area, to price Thursday

By Paul A. Harris

St. Louis, April 7 - Price talk is in the area of 8¾% on Superior Essex Communications/Essex Group Inc.'s proposed $275 million offering of eight-year senior notes (B3/B), according to a market source.

JP Morgan, Lehman Brothers, UBS Investment Bank and Wachovia Securities are underwriters of the Rule 144A offering.

The notes will come with four years of call protection.

Proceeds will be used to redeem a subsidiary's 9½% senior notes due 2008, repay bank debt and fund the acquisition of certain assets from operating subsidiaries of Belden Inc.

The issuer is an Atlanta-based manufacturer and supplier of copper and fiber optic communications wire and cable products to telephone companies, distributors and system integrators.

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