Telex starts roadshow Friday for $125 million five-year notes

By Paul A. Harris

St. Louis, Oct. 23 - Telex Communications Inc. starts the roadshow Friday for an offering of $125 million of senior secured notes due 2008, according to an informed source.

The roadshow is expected to conclude on Oct. 31.

Jefferies & Co. will run the books for the Rule 144A/Regulation S deal.

The notes will be non-callable for three years.

Proceeds will be used to repay debt. In addition to the new deal, a new subsidiary of the company called Telex Communications Intermediate Holdings, LLC is offering to exchange new 13% senior subordinated discount notes due 2009 for Telex Communications' 13% senior subordinated discount notes due 2006.

The Minneapolis-based company manufactures audio and communications equipment.

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