Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for Hines Horticulture Inc. > News item |
Hines Nurseries $175 million eight-year notes talked at 10½% area, pricing Monday
By Paul A. Harris
St. Louis, Sept. 18 - Hines Nurseries, Inc. planned $175 million of eight-year senior notes (B3/B) are talked at a yield in the 10½% area, according to an informed source.
The deal is expected to price on Monday.
Credit Suisse First Boston is bookrunner on the Rule 144A/Regulation S offering.
The notes will be non-callable for four years.
The Irvine, Calif. operator of commercial nurseries will use proceeds will be used to repay its credit facility and redeem its 12¾% senior subordinated notes due 2005
© 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.