Alliant Techsystems to price $300 million notes due 2021 on Tuesday

By Aleesia Forni

Virginia Beach, Oct. 22 - Alliant Techsystems Inc. is planning to sell $300 million of senior notes (/B+/) due 2021 on Tuesday, according to a market source.

An investor call is scheduled for Tuesday at 11:30 a.m. ET.

The notes will be non-callable for three years and will feature a 35% equity clawback.

BofA Merrill Lynch is the left lead bookrunner.

Mitsubishi UFJ Securities (USA) Inc., RBC Capital Markets LLC, SunTrust Robinson Humphrey Inc., U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC are the joint bookrunners for the Rule 144A with registration rights deal.

Proceeds will be used to fund the acquisition of Bushnell Group Holdings Inc. for $985 million in cash, to refinance existing senior term loan and revolving credit facilities, to pay fees and expenses and for other general corporate purposes.

Alliant Techsystems is an Arlington, Va.-based aerospace, defense and commercial products company.

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