New Issue: Collins & Aikman upsized to $500 million, yields 10¾%

By Paul A. Harris

St. Louis, Mo., Dec. 11 - Collins & Aikman Products Co. priced an upsized offering of $500 million 10-year senior notes at the tight end of talk, according to a syndicate source.

The Rule 144A offering (B1/B) was increased from a planned $325 million and yielded 10¾% compared to talk of 10¾% to 11%.

J.P. Morgan, Credit Suisse First Boston, Deutsche Banc Alex. Brown and Merrill Lynch & Co. were joint bookurnners, according to a syndicate source, who added that there are co-managers yet to be announced.

Issuer: Collins & Aikman Products Co.

Amount:	$500 million (upsized from $325 million)
Maturity:	Dec. 31, 2011
Type:	Senior notes
Bookrunners:	J.P. Morgan, Credit Suisse First Boston, Deutsche Banc Alex. Brown,
	and Merrill Lynch
Coupon:	10¾%
Price:	Par
Yield:	10¾%
Spread:	569 basis points
Call features:	Callable on Dec. 31, 2006 at 105.375, then at 103.583, 101.792,
	declining to par on Dec. 31, 2009 and thereafter
Equity clawback:	Until Dec. 31, 2004 for 35% at 110.75
Settlement date:	Dec. 20 (T+7) flat
Ratings:	Moody's: B1
	Standard & Poor's: B
Cusip:	194832AB7
End

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