Douglas Dynamics $150 million seven-year notes talked to yield 8% area, to price Friday

By Paul A. Harris

St. Louis, Dec. 9 - Price talk is the 8% area on Douglas Dynamics LLC/Finance Co.'s $150 million offering of seven-year senior notes (B-), according to market sources.

Pricing is expected Friday afternoon.

The note will be non-callable for four years.

Credit Suisse First Boston has the books for the Rule 144A offering.

Proceeds will be used to repay bank debt and fund a dividend payment. The sponsor is Aurora Capital.

Douglas Dynamics is a Milwaukee-based manufacturer of snow and ice removal equipment.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.