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AGY talks $175 million eight-year second-lien notes at 10¼% area
By Paul A. Harris
St. Louis, Oct. 18 - Glass fiber manufacturer AGY Holding Corp. talked its $175 million offering of eight-year senior second-lien notes (B2/B-) at the 10¼% area on Wednesday, according to an informed source.
The issue is expected to price on Thursday afternoon.
UBS Investment Bank has the books for the notes, which are being marketed according to the provisions of Rule 144A with registration rights.
Proceeds will be used to repay bank debt.
The company has headquarters in Aiken, S.C.
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