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Hollinger $300 million eight-year notes to price week of Dec. 16 via Wachovia
By Paul A. Harris
St. Louis, Dec. 10 - Hollinger International Publishing Inc. was set to start the roadshow late Tuesday or early Wednesday for its offering of $300 million of senior notes due 2010 (B2), according to a syndicate source.
The deal is likely to price early in the week of Dec. 16.
Wachovia Securities, Inc. is the bookrunner.
The Rule 144A notes are non-callable for four years and will be guaranteed by Hollinger International.
Proceeds will be used to redeem existing notes, make a distribution to Hollinger International and for general corporate purposes.
The issuer, a subsidiary of New York City-based Hollinger International Inc., owns English-language newspapers in the U.S., the U.K. and Israel.
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