Vicar Operating $150 million talked at 9 7/8%-10 1/8%

By Paul A. Harris

St. Louis, Mo., Nov 16 - Price talk of 9 7/8%-10 1/8% emerged Friday on Vicar Operating Inc.'s planned sale of $150 million of senior subordinated notes due 2008 (B3/B-), according to a syndicate source.

The source said the deal is set to price Nov. 19. Bookrunner is Goldman Sachs & Co.

The company is a subsidiary of Veterinary Centers of America. The bonds are coming to market in conjunction with an equity offering. The company is sponsored by Leonard Green & Partners, LP.

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

Proceeds will be used to repay bank debt, and holding company mezzanine notes.

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