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Telex $125 million five-year notes talked at 11¾%-12%
By Paul A. Harris
St. Louis, Oct. 29 - Price talk of 11¾%-12% emerged Wednesday on Telex Communications Inc.'s upcoming sale of $125 million five-year senior secured notes (B), according to an informed source.
The deal is expected to price Friday.
Jefferies & Co. is the bookrunner on the Rule 144A/Regulation S offer.
The notes will be non-callable for three years.
Telex will use proceeds to repay debt.
The company is a Minneapolis manufacturer of audio and communications equipment.
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