New Issue: Alaris ups 5-year notes to $170 million, yield 11 5/8%

By Paul A. Harris

St. Louis, Mo., Oct. 11-Alaris Medical Systems Inc. priced $170 million of five-year senior secured notes Thursday afternoon to yield 11.625%, a source close to the deal told Prospect News. The amount was upsized from the previously announced $150 million. UBS Warburg and Bear Stearns & Co. were joint bookrunners. The notes were sold as a Rule 144A offering.

Issuer: Alaris Medical Systems, Inc.

Book managers: UBS Warburg and Bear Stearns & Co.

Amount: $170 million

Maturity: Dec. 1, 2006

Coupon rate: 11 5/8%, first coupon June 1, 2002

Price: Par

Spread: 774 basis points

Call: At 105.813 on Dec.1, 2005

Equity clawback: 35% at 111.625 until Dec. 1, 2003

Settlement: Oct. 16 flat

Ratings: Moody's B2

Standard & Poor's B+

Cusip: 011638AB9

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