New Issue: BRL Universal $100 mln add-on yields 8¾%

By Paul A. Harris

St. Louis, Mo., Oct. 17 - BRL Universal Equipment Corp. priced a $100 million add-on to its 8.875% senior secured notes due Feb. 15, 2008 Tuesday at a yield of 8¾%. Deutsche Banc Alex. Brown was the bookrunner. The syndicate also included First Union as a lead manager and Scotia Capital.

Issuer: BRL Universal Equipment Corp.

Book manager: Deutsche Banc Alex Brown

Amount: $100 mln add-on to existing $350 million 8.875% due Feb. 15, 2008

Coupon: 8.875%

Price 100.5

Yield: 8.75%

Call: Callable Feb. 15, 2005 at 104.438, then 102.219, declining to par in 2007

Equity claw: For 35% up to Feb. 15, 2004 at 108.875

Settlement: Oct. 23, flat

Ratings: Moody's Ba3

Standard & Poor's BB-

Cusip: 111201AD1

End

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