American Media $150 million eight-year notes talked at 9% area

By Paul A. Harris

St. Louis, Dec. 15 - Price talk of a yield in the 9% area emerged Wednesday on American Media Inc.'s upcoming sale of $150 million senior subordinated notes due 2011 (B2/B-), according to a market source.

The deal is expected to price during the week of Jan. 13

JP Morgan is the bookrunner. Bear Stearns & Co. is co-manager.

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

Proceeds will be used to fund the acquisition of Weider Publications.

The issuer is the Boca Raton, Fla.-based publisher of National Enquirer, Star, Weekly World News, other newspapers and magazines.

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