New Issue: Salt Holdings $64.8 million proceeds 10-year notes yield 12¾%

New York, Dec. 13 - Salt Holdings Corp., Inc. priced $64.794 million proceeds of 10-year senior discount notes (B-) Friday at 53.995 to yield 12¾%, according to a syndicate source.

The deal was increased from the announced size of $60 million proceeds. The principal amount is $120 million.

Bookrunner for the Rule 144A offering was Credit Suisse First Boston with JP Morgan as co-lead manager and Deutsche Bank Securities Inc. as co-manager.

The Overland Park, Kan. salt and specialty potash company, the parent of Compass Minerals Group, Inc., will use proceeds to redeem preferred stock.

Issuer:	Salt Holdings Corp., Inc.
Issue:	Senior discount notes
Principal amount:	$120 million
Proceeds:	$64.794 million
Lead managers:	Credit Suisse First Boston (books), JP Morgan
Co-manager:	Deutsche Bank Securities
Maturity:	Dec. 15, 2012
Coupon:	0% for five years, then 12¾%
Price:	53.995
Yield:	12¾%
Spread:	868 basis points over 4% Treasury due November 2012
Pricing date:	Dec. 13
Settlement:	Dec. 20 (T+5)
Call:	Dec. 15, 2007 at 106.375, then at 104.250, 102.125 declining to par on Dec. 15, 2010 and thereafter
Equity clawback:	For 35% at 112.75 until Dec. 15, 2005
Ratings:	Moody's: NR
	S&P: B
Cusip:	795559AA1

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