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Bway $190 million eight-year notes talked at 10%-10¼%, pricing late Thursday or early Friday
By Paul A. Harris
St. Louis, Nov. 20 - The official price talk is 10%-10¼% on Bway Corp./Bway Finance Corp.'s $190 million of eight-year senior subordinated notes (B3/B-), according to a syndicate source.
The deal is expected to price late Thursday or early Friday, the source added.
Deutsche Bank Securities Inc. is the bookrunner.
The Rule 144A notes are non-callable for four years.
Proceeds will be used to fund the acquisition of the company by Kelso & Co. LP, including the redemption of the company's $100 million of 10¼% senior subordinated notes due April 15, 2007.
The issuer is an Atlanta-headquartered manufacturer of steel containers.
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