Coeur d'Alene Mines talks $350 million eight-year notes in 8½% area

By Paul A. Harris

Portland, Ore., June 27 - Coeur d'Alene Mines Corp. talked its $350 million offering of eight-year senior notes (B3/BB-) with a yield in the 8½% area, an informed source said on Wednesday.

The books are set to close on Thursday afternoon.

Barclays Capital Inc. is the lead left bookrunner. Wells Fargo Securities LLC is the joint bookrunner.

The Rule 144A and Regulation S with registration rights notes come with four years of call protection.

The guarantors are the same as those of the company's revolving credit facility.

The Coeur d'Alene, Idaho-based silver and gold producer plans to use the proceeds to fund internal and external growth initiatives and for general corporate purposes.

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