By Paul A. Harris
St. Louis, Jan. 14 - DJO Finance LLC priced a $100 million add-on to its 10 7/8% senior notes due Nov. 15, 2014 (B3) at 105 to yield 9.281% on Thursday, according to an informed source.
Credit Suisse Securities ran the books for the quick-to-market deal.
Proceeds will be used to prepay bank debt.
The issue is a San Diego-based manufacturer of orthopedic products.
| Issuer: | DJO Finance LLC
|
| Face amount: | $100 million
|
| Proceeds: | $105 million
|
| Maturity: | Nov. 15, 2014
|
| Security description: | Add-on to the 10 7/8% senior notes
|
| Bookrunner: | Credit Suisse Securities
|
| Coupon: | 10 7/8%
|
| Price: | 105
|
| Yield: | 9.281%
|
| Spread: | 683 bps
|
| Call: | On Nov. 15, 2011 at 105.44
|
| Trade date: | Jan. 14
|
| Settlement date: | Jan. 20
|
| Rating: | Moody's: B3
|
| Distribution: | Rule 144A and Regulation S
|
| Original issue: | $575 million priced at par in November 2007
|
| Total issue size: | $675 million
|
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