Alliance Grain Traders to price C$125 million five-year senior secured notes on Thursday

By Cristal Cody

Tupelo, Miss., Feb. 6 - Alliance Grain Traders Inc. expects to price C$125 million of five-year senior secured second-lien notes (/B/DBRS: B) through a private placement on Thursday, according to syndicate sources.

Pricing guidance is expected later on Wednesday after the company concludes a roadshow that started on Friday for the Rule 144A and Regulation S-eligible issue.

Scotia Capital Inc., CIBC World Markets Inc. and GMP Securities LP are the lead managers. Co-managers are AltaCorp Capital Inc. and Canaccord Genuity Corp.

The notes due 2018 are non-callable for three years. The issue has a 101% change-of-control put.

Proceeds will be used to refinance existing debt.

The pulse and staple food processor and distributor is based in Regina, Sask.

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