AMR/Emcare $250 million 10-year notes talked at 9½%-9¾%, to price Thursday

By Paul A. Harris

St. Louis, Jan. 26 - Price talk on AMR Holdco Inc./EmCare Holdco Inc.'s $250 million offering of 10-year senior subordinated notes (Caa1/B-) is 9½% to 9¾%, according to an informed source.

Pricing is expected on Thursday afternoon.

The notes will be non-callable for five years.

Banc of America Securities LLC and JP Morgan are joint bookrunners for the Rule 144A offering.

The company is also obtaining a $350 million seven-year term loan and a $100 million six-year revolving credit facility (both rated B+).

Proceeds will be used to help fund the acquisition by Onex Partners of Laidlaw Inc.'s two healthcare companies, American Medical Response and EmCare.

The prospective issuer is a Greenwood Village, Colo.-based provider of ambulance transport services.

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