Wise Alloys postpones $150 million seven-year notes deal

By Paul A. Harris

St. Louis, Mo., May 8 - Wise Alloys, LLC/Wise Finance Corp.'s offering of $150 million of seven-year senior secured notes (B3/B+) was postponed on Wednesday, according to a syndicate source.

Merrill Lynch & Co. was the bookrunner.

Proceeds from the Rule 144A notes were to have been used to repay bank debt and for general corporate purposes.

Price talk on the offering was 11¼%-11½%.

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