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Alion Science and Technology talks $200 million eight-year notes at 10½% area
By Paul A. Harris
St. Louis, Jan. 24 - Alion Science and Technology Corp. talked its $200 million offering of eight-year senior notes (CCC+) at the 10½% area on Wednesday, according to market sources.
The deal is expected to price on Friday.
Credit Suisse has the books for the Rule 144A with registration rights offering.
The notes come with four years of call protection.
Proceeds will be used to repay the company's bridge loan and a portion of its senior term loan.
Alion is a McLean, Va., technology solutions provider delivering technical expertise and operational support to the Department of Defense.
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