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Hollinger International $300 million eight-year notes talk at 9%-9¼%, pricing Monday
By Paul A. Harris
St. Louis, Dec. 13 - Price talk of 9%-9¼% emerged Friday on Hollinger International Publishing Inc.'s upcoming sale of $300 million eight-year senior notes (B2/B), according to a market source.
The deal is expected to price Monday, the source added.
Wachovia Securities, Inc. is the bookrunner.
The Rule 144A notes are non-callable for four years.
Proceeds will be used to redeem the existing notes, make a distribution to Hollinger International and for general corporate purposes.
The issuer is a subsidiary of New York City-based Hollinger International Inc. which owns English-language newspapers in the U.S., the U.K. and Israel.
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