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Published on 10/3/2003 in the Prospect News High Yield Daily.

Von Hoffman to bring $60 million add on to 10¼% notes due 2009

By Paul A. Harris

St. Louis, Oct. 3 - Von Hoffman Corp. announced that it intends to sell a $60 million add-on to its 10¼% senior notes due March 15, 2009.

Credit Suisse First Boston will be the bookrunner on the Rule 144A, according to an informed source.

The notes are callable on March 15, 2005 at 107.688, then at 105.125, 102.563, declining to par on March 15, 2008 and thereafter, and contain an equity clawback until March 15, 2005 for 35% at 110.25.

Proceeds will be used to help fund the company's acquisition of Lehigh.

The original $215 million deal priced on March 15, 2002.

The company is a St. Louis-based manufacturer of printed products for the educational and commercial markets.


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