Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Allied Security, Inc. > News item |
Allied Security $175 million seven-year notes talked to yield 11½%-11¾%
By Paul A. Harris
St. Louis, June 29 - Price talk for Allied Security Inc.'s $175 million offering of seven-year senior subordinated notes (Caal/B-) emerged Tuesday at 11½% to 11¾%, according to an informed source.
The deal is expected to price on Thursday.
Bear Stearns & Co. is running the books for the Rule 144A offering.
The notes come with four years of call protection.
Proceeds will be used to fund the acquisition of Barton Protective Services and to repay debt.
The issuer is a King of Prussia, Pa.-based private security company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.