Jafra Cosmetics $175 million eight-year notes talked at 10¾%-11%, pricing Friday

By Paul A. Harris

St. Louis, April 30 - Price talk of 10¾%-11% emerged Wednesday on Jafra Cosmetics International, SA de CV's upcoming sale of $175 million eight-year senior subordinated notes (B3/B-), according to a market source.

The deal is expected to price on Friday.

Credit Suisse First Boston is the bookrunner. Merrill Lynch & Co. is co-manager.

The Rule 144A notes are non-callable for four years.

Proceeds will be used to help repay the company's credit facility, redeem its 11¾% senior subordinated notes due 2008 and make a distribution to equity holders.

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