New Issue: The Hockey Co. $125 million seven-year notes yield 11½%

By Paul A. Harris

St. Louis, Mo., March 26 - The Hockey Co. priced $125 million of senior secured notes due April 15, 2009 (B2/B) on Tuesday at 98.806 to yield 11½%, according to a syndicate source.

Price talk of 11¼%-11½% was heard on March 22.

Jefferies & Co. was bookrunner of the Rule 144A offering.

The Montreal-based hockey equipment company will use the proceeds to repay bank debt.

Issuer:	The Hockey Co.
Amount:	$125 million
Maturity:	April 15, 2009
Type:	Senior secured notes
Bookrunner:	Jefferies & Co.
Coupon:	11¼%
Price:	98.806
Yield:	11½%
Spread:	628 basis points
Call features:	Callable on April 15, 2006 at 105.625, 102.813, par on April 15, 2008 and thereafter
Equity clawback:	Until April 15, 2005 for 1/3 at 111.25
Settlement date:	April 3, 2002 (T+5)
Ratings:	Moody's: B2
	Standard & Poor's: B
Rule 144A CUSIP:	434149AA8

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