Hawk $100 million 10-year notes talked to yield 8¾% to 8 7/8%

By Paul A. Harris

St. Louis, Oct. 22 - Hawk Corp.'s $100 million offering of 10-year guaranteed senior notes (B2/B) is talked to yield 8¾% to 8 7/8%, according to an informed source.

The deal is expected to price on Tuesday.

The notes are non-callable for five years.

Jefferies & Co. is running the books for the Rule 144A offering.

Proceeds will be used to fund the tender offer for $66.3 million of the company's 12% senior notes due 2006 and to repay bank debt.

Hawk is a Cleveland-based friction products supplier.

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