New Issue: Blount sells $175 million eight-year notes to yield 8 7/8%

By Paul A. Harris

St. Louis, Aug. 4 - Blount International Inc. sold $175 million of eight-year senior subordinated notes (Caa1/B-) Wednesday at par to yield 8 7/8%, according to a syndicate source.

Price talk was 8¾% to 8 7/8%.

Lehman Brothers ran the books for the off-the-shelf issue. The co-managers were JP Morgan, BNP Paribas, Robert W. Baird & Co. and UBS Investment Bank.

The Portland, Ore.-based outdoor products company plans to use proceeds to refinance debt.

Issuer:	Blount International Inc.
Amount:	$175 million
Maturity:	Aug. 1, 2012
Security description:	Senior subordinated notes
Bookrunner:	Lehman Brothers
Co-managers:	JP Morgan, BNP Paribas, Robert W. Baird & Co., UBS Investment Bank
Coupon:	8 7/8%
Price:	Par
Yield:	8 7/8%
Spread:	464 basis points
Call features:	Callable after Aug. 1, 2008 at 104.438, 102.219, par on or after Aug. 1, 2010
Equity clawback:	Until Aug. 1, 2007 for 35% at 108.875
Pricing date:	Aug. 4
Settlement date:	Aug. 9
Ratings:	Moody's: Caa1
	Standard & Poor's: B-
Price talk:	8¾%-8 7/8%

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