Editis €150 million 10-year notes talked 8½% area, to price Thursday

By Paul A. Harris

St. Louis, Oct. 20 - Price talk on Odyssee Financing SA's (Editis) €150 million offering of 10-year senior notes (B3/B) emerged Wednesday at the 8½% area, according to market sources.

The deal is expected to price on Thursday.

BNP Paribas, Credit Suisse First Boston and Lehman Brothers are joint bookrunners for the Rule 144A offering, which has no registration rights.

Proceeds will be used to support Wendel Investissement's acquisition of certain publishing assets from Lagardere.

The company is a Paris-based publisher of educational and consumer media, formerly Vivendi Universal Publishing.

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