Icon Health and Fitness $200 million 10-year notes talked at 11%-11¼%, pricing Thursday

By Paul A. Harris

St. Louis, Mo., March 27 - Price talk of 11%-11¼% emerged Wednesday on Icon Health and Fitness' offering of $200 million senior subordinated notes due 2012 (B3/B-), according to a market source.

The deal will price on Thursday, according to the source.

Credit Suisse First Boston is the bookrunner on the Rule 144A, non-call five notes. JP Morgan and Fleet Securities are co-managers.

The Logan, Utah-based fitness equipment company will use the proceeds to refinance existing debt.

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