New Issue: Enodis £100 million 10-year notes yield 10 3/8%

By Paul A. Harris

St. Louis, Mo., March 19 - Enodis plc priced £100 million of senior notes due April 1, 2012 (B2/B) Tuesday at par to yield 10 3/8% according to a syndicate source.

Price talk had been for a yield in the 10½% area, according to Enodis chief executive officer Andrew Allner.

Credit Suisse First Boston and RBS were joint bookrunners.

Proceeds from the notes will be used to repay the London-based commercial food preparation equipment-maker's senior bank debt.

Issuer:	Enodis Plc
Amount:	£100 million
Maturity:	April 1, 2012
Type:	Senior notes
Bookrunners:	Credit Suisse First Boston, and RBS
Coupon:	10 3/8%
Price:	Par
Yield:	10 3/8%
Call features:	Callable in April 2007 at 105.1875, 103.458, 101.729, par in April, 2010 and thereafter
Equity clawback:	Until April 2005 for 35% at 110.375
Settlement date:	March 26, 2002 (T+5)
Ratings:	Moody's: B2
	Standard & Poor's: B
Rule 144A ISIN	XS0144950028

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