CEDC tightens talk on €310 million seven-year notes to 8% to 8¼% from 8¼% area

By Paul A. Harris

St. Louis, July 13 - Central European Distribution Corp. (CEDC) tightened the price talk on its €310 million offering of seven-year senior notes (B2/B-) to 8% to 8¼% area, revised from 8¼% area on Wednesday, according to a market source.

Pricing is expected before the end of the week.

ING has the books for the Rule 144A/Regulation S offering.

Proceeds will be used to help finance the acquisition of Poland-based spirits producer, importer and marketer Bols.

CEDC is a U.S.-based alcoholic beverage distributor in Poland, with headquarters in Bala Cynwyd, Pa., and Warsaw.

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