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Prospect News home > News index > List of issuers B > Headlines for Brake Bros. plc > News item
Published on 4/10/2003 in the Prospect News High Yield Daily.

Brake Bros £175 million eight-year senior notes talked at 11½%-11¾%

By Paul A. Harris

St. Louis, April 9 - Price talk of 11½%-11¾% emerged Thursday on Brake Bros' upcoming sale of £175 million eight-year senior notes in sterling and euro tranches (B3/B-), according to an informed source.

The deal is expected to price on Friday.

Credit Suisse First Boston and JP Morgan are joint bookrunners.

The Rule 144A notes are non-callable for four years.

Proceeds will be used to repay a bridge loan.

The issuer is a supplier of food to the catering industry in the U.K. and France.


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