Viasystems extends maturity of $200 million deal to seven-years, price talk 9½%-9¾%

By Paul A. Harris

St. Louis, Dec. 11 - Viasystems Group Inc. issued price talk Thursday of 9½%-9¾% on a restructured offering of $200 million of senior subordinated notes (Caa2/CCC+), a syndicate source said.

The deal is expected to price on Friday.

The St. Louis-based electronics manufacturing services company extended the maturity of the notes to seven years from six years and lengthened call protection to four years from three years.

Goldman Sachs & Co. is the bookrunner on the Rule 144A deal. Lehman Brothers and JP Morgan are co-managers.

Viasystems plans to use proceeds to repay debt.

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