LBC €150 million 10-year notes price talk 9¾%-10%, to price Wednesday

By Paul A. Harris

St. Louis, May 4 - Price talk of 9¾% to 10% emerged Tuesday on LBC Luxembourg Holdings' proposed €150 million offering of 10-year senior subordinated notes (Caa1/CCC+), according to a market source.

The deal is expected to price on Wednesday.

Deutsche Bank Securities and Lehman Brothers are joint bookrunners on the Rule 144A/Regulation S offering, which has no registration rights.

Proceeds will be used to finance the leveraged buyout of the company by One Equity Partners from Fimalac for €243 million.

LBC is a chemical storage company in Europe and the United States.

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