TriMas $250 million 10-year notes talked at 10¼% area, pricing Thursday afternoon

By Paul A. Harris

St. Louis, Mo., May 22 - Price talk of 10¼% area emerged Wednesday on TriMas Corp.'s offering of $250 million of 10-year senior subordinated notes (B), according to a syndicate source. The deal is expected to price Thursday afternoon, the source added.

Credit Suisse First Boston, JP Morgan and Wachovia Securities are joint bookrunners. Comerica and NatCity Investments are co-managers.

The Rule 144A notes are non-callable for five years.

Proceeds will be used to partially fund the acquisition by Heartland Partners of TriMas, which is being spun out of Metaldyne, Inc.

The specialty products company is located in Plymouth, Mich.

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