Horizon Lines $250 million eight-year notes talked to yield 9%-9¼%, to price Wednesday

By Paul A. Harris

St. Louis, June 29 - Horizon Lines Holding Corp.'s $250 million offering of eight-year senior notes (B3/B-) is talked to yield 9% to 9¼%, according to a market source.

The deal is expected to price on Wednesday.

Goldman Sachs & Co. and UBS Investment Bank are joint bookrunners for the Rule 144A offering. ABN Amro is the co-manager.

The notes come with four years of call protection.

Proceeds will be used to help fund Castle Harlan Inc.'s acquisition of Horizon Lines from the Carlyle Group for $650 million.

The issuer is a Charlotte, N.C., container shipping company.

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