Swift $150 million notes due 2010 talked at 100-101, expected to price on Wednesday

By Paul A. Harris

St. Louis, March 18 - Price talk of 100-101 emerged late Tuesday on Swift & Co.'s $150 million of 12½% senior subordinated notes due 2010 (B2/B), according to a syndicate source.

The deal is expected to price Wednesday, the source added.

The notes are to be sold by ConAgra Foods Inc. Swift will not receive any proceeds.

Salomon Smith Barney and JP Morgan are joint bookrunners.

The Rule 144A notes are callable on Oct. 1, 2006 at 106.25, one year later at 103.125 and at par on Oct. 1, 2008 and thereafter.

The issuer is based in Greeley, Colo.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.