Icon Health and Fitness to sell $200 million 10-year notes via CSFB

By Paul A. Harris

St. Louis, Mo., March 19 - Icon Health and Fitness goes on the road Wednesday to market an offering of $200 million senior subordinated notes due 2012 (B3/B-), according to a syndicate source.

The roadshow will conclude in the middle of the week of March 25, the source said, adding that pricing is expected later that week or early in the week of April 1.

Credit Suisse First Boston was identified as the bookrunner. JP Morgan and Fleet Securities are co-managers.

The Rule 144A notes are non-callable for five years.

The proceeds will be used to refinance existing debt, according to the source.

The manufacturer and marketer of fitness equipment is based in Logan, Utah.

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