Affinion talks $250 million seniors at 9% area, $500 million subs at 10 5/8% area; pricing Monday

By Paul A. Harris

St. Louis, Sept. 29 - Affinion Group issued price talk Thursday on its $750 million two-part high-yield note offering, according to a market source.

The company talked its $250 million offering of eight-year senior notes (B3/B-) at the 9% area.

Meanwhile the company talked its $500 million offering of 10-year senior subordinated notes (Caa1/B-) at the 10 5/8% area.

Pricing is expected on Monday.

Credit Suisse First Boston and Deutsche Bank Securities are joint bookrunners.

Proceeds will be used to fund the acquisition of the company by Apollo Management.

The prospective issuer is global affinity direct marketer of membership, insurance and package enhancement products and services.

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