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Haights Cross Communications to bring $340 million in two tranches
By Paul A. Harris
St. Louis, July 15 - Haights Cross Communications was heard to be coming into the high-yield market with $260 million of senior notes due 2011 (Caal) and $80 million of senior discount notes due 2013 (Caa2), according to a market source.
Proceeds from the deal will be used to repay debt and redeem $105 million of preferred shares.
The White Plains, N.Y. company publishes educational and professional material.
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