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Optimas OE Solutions talks $225 million notes due 2021 at 8¾% area; pricing Friday
By Paul A. Harris
Portland, Ore., April 24 – Optimas OE Solutions, LLC and Optimas OE Solutions, Inc. talked a $225 million offering of senior secured notes due 2021 (B3/B-) to yield in the 8¾% area, according to an informed source.
Books close at 12:30 p.m. ET on Friday, and the Rule 144A for life deal is set to price thereafter.
Morgan Stanley & Co. LLC and SunTrust Robinson Humphrey Inc. are the joint bookrunners.
The notes come with three years of call protection.
Proceeds will be used to fund American Industrial Partners’ acquisition of the OEM supply segment of Anixter, Inc.
The prospective issuer is a Glenview, Ill.-based distributor of enterprise cabling and security solutions, electrical and electronic wire and cable and OEM supply fasteners and other small parts.
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