Broder Brothers $175 million seven-year notes talked at 10¾%-11%

By Paul A. Harris

St. Louis, Sept. 15 - Price talk of 10¾%-11% emerged Monday on Broder Brothers' upcoming sale of $175 million seven-year senior notes (B3/B-), according to an informed source.

The deal is expected to price late Tuesday or early Wednesday, the source added.

UBS Investment Bank is bookrunner on the Rule 144A deal. Banc One Capital Markets is co-manager.

The notes will be non-callable for four years.

Proceeds will be used to help fund the acquisition of Alpha, sponsored by Bain Capital, and to repay Broder and Alpha debt.

The company is a Plymouth, Mich.-based distributor of imprintable sportswear and accessories.

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