Susser plans to price $425 million six-year notes late this week

By Paul A. Harris

St. Louis, April 27 - Susser Holdings, LLC and Susser Finance Corp. plan to price a $425 million offering of six-year senior notes (expected ratings B2/B+) late this week, according to an informed source.

Bank of America Merrill Lynch, BMO Nesbitt Burns and Wells Fargo Securities are the joint bookrunners for the Rule 144A with registration rights offering.

RBC Capital Markets Corp. is the lead manager. Morgan Keegan & Co. Inc., BBVA Securities Inc. and Morgan Joseph are the co-managers.

The notes come with three years of call protection and a 101% poison put.

The Houston-based independent convenience store operator and motor fuel distributor plans to use the proceeds to redeem its 10 5/8% notes due 2013 and to repay term loan debt.

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