Correction: RBC Capital Markets is a joint bookrunner for planned Hunter Defense notes offering

A story in the Dec. 7 edition of the Prospect News High Yield Daily incorrectly identified a bookrunner in Hunter Defense Technologies Inc.'s offering of seven-year senior secured notes. A revised version of the story follows:

By Paul A. Harris

St. Louis, Dec. 6 - Hunter Defense Technologies Inc. is expected to price a $250 million offering of seven-year senior secured notes on Friday, according to market sources.

J.P. Morgan Securities LLC, Bank of America Merrill Lynch and RBC Capital Markets are the joint bookrunners for the Rule 144A offering.

The notes, which are in the market via HDT Worldwide, LLC and HDT Finance, come with four years of call protection.

Proceeds will be used to repay existing debt and to fund a dividend payment.

The issuer is a Solon, Ohio-based manufacturer of deployable, expeditionary systems and high-performance aerial delivery systems for the U.S. military, allied forces, Homeland Security and emergency management agencies.

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