Integrated Alarm Services $125 million seven-year notes talked at 10¼%-10½%, to price Thursday

By Paul Deckelman

New York, Oct. 29 - Official price talk was issued Friday on Integrated Alarm Services Group Inc.'s pending $125 million offering of seven-year senior notes, which is expected to price on Thursday following the end on Wednesday of its current roadshow.

Price talk on the notes was 10¼% to 10½%.

The rule 144A/Regulation S deal, which includes registration rights, is being brought to market by book-running manager Morgan Joseph & Co., joint-lead manager Wells Fargo, and co-manager ABN Amro.

The B3/B- issue, which features a make-whole call at Treasuries plus 50 basis points, will be guaranteed by all of Integrated's domestic subsidiaries.

Integrated Alarm - an Albany, N.Y.-based provider of monitoring, financing and business support services to independent security alarm dealers in the United States - plans to use the proceeds of the new deal to retire high-coupon debt and to acquire National Alarm Computer Center from Tyco International Ltd.

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