Collins & Aikman $325 million notes talked at 10¾%-11%, roadshow shortened

By Paul A. Harris

St. Louis, Mo., Dec. 10 - Price talk of 10¾%-11% emerged Monday on Collins & Aikman Products Co.'s offering of $325 million 10-year senior notes (B1/B), a market source told Prospect News.

The roadshow on the new Aikman & Collins paper was also shortened, the market source said, adding that the deal is now expected to price Wednesday instead of Friday.

J.P. Morgan, Credit Suisse First Boston, Deutsche Banc Alex. Brown, and Merrill Lynch, are joint bookrunners, according to a source.

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