Buhrmann $150 million 10-year notes talked to yield 8% area

By Paul A. Harris

St. Louis, Feb. 23 - Amsterdam-based office products company Buhrmann expects to price a quick-to-market $150 million offering of 10-year senior subordinated notes (B2/B) on Thursday, according to market sources.

Price talk is in the 8% area.

The notes will be non-callable for five years.

Deutsche Bank Securities has the books for the Rule 144A/Regulation S offering. BNP Paribas and ING are joint lead managers.

Proceeds along with other available funds will be used to repurchase the company's outstanding preferred shares C.

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