Alamosa $225 million eight-year notes price talk 8 5/8%-8 7/8%, to price Tuesday

By Paul A. Harris

St. Louis, Jan. 12 - Price talk of 8 5/8%-8 7/8% emerged Monday on Alamosa (Delaware) Inc.'s proposed $225 million of senior notes due 2012 (Caa1/CCC), a syndicate source said.

The deal is expected to price Tuesday afternoon.

UBS Investment Bank is the bookrunner on the Rule 144A offering. Bear Stearns & Co. and Lehman Brothers are co-managers.

The notes will come with four years of call protection.

Alamosa plans to use proceeds to repay the company's senior secured credit facility and for general corporate purposes.

The company is a wholly owned independent subsidiary of Alamosa Holdings, a Lubbock, Texas-based wireless provider under the Sprint PCS brand.

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