Brightstar talks $250 million six-year notes with 8½% area yield

By Paul A. Harris

St. Louis, Nov. 22 - Brightstar Corp. talked its $250 million offering of six-year senior notes (B1/BB-) with an 8½% area yield on Monday, according to an informed source.

The deal is set to price Tuesday morning.

Jefferies & Co. is the left bookrunner for the Rule 144A for life offering. Goldman Sachs & Co., J.P. Morgan Securities LLC, Barclays Capital Inc. and Credit Suisse are the joint bookrunners.

ANZ Securities, BB&T Capital Markets, Fifth Third Securities, HSBC, PNC Capital Markets, Standard Bank and US Bancorp are the co-managers.

The notes come with three years of call protection.

Proceeds will be used to refinance existing debt.

Brightstar is a Miami-based provider of services and solutions to enhance the performance and profitability of participants in the wireless device sector.

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