Affinion Group in market with $350 million 8.5-year notes via Credit Suisse, Deutsche Bank

By Paul A. Harris

St. Louis, April 10 - Affinion Group is expected to price a $350 million offering of senior subordinated notes due Nov. 17, 2015 during the second quarter of 2006, according to market sources.

Credit Suisse and Deutsche Bank Securities will be leading the deal.

The notes will become callable on Nov. 17, 2010

Proceeds will be used to repay the company's senior subordinated bridge facility.

The prospective issuer is a Norwalk, Conn., direct marketer of membership, insurance and package enhancement products.

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