Intergen ups talk for $1.975 billion multi-currency 10-year notes

By Paul A. Harris

St. Louis, July 19 - Intergen Group increased the price talk on its $1.975 billion equivalent multi-currency bond offering on Thursday, according to market sources.

The company is marketing 10-year senior secured notes (Ba3/BB-) in three tranches.

A dollar denominated tranche is talked at 8 7/8% to 9%, increased from the 8½% area. The size of the dollar-denominated tranche remains to be determined.

Meanwhile price talk was raised on a €200 million to €300 million tranche to 8 3/8% to 8½%, increased from the 8% area.

And talk also was increased on a £250 million to £300 million tranche to 9 3/8% to 9½%, increased from the 9% area.

The deal is expected to price on Friday.

Merrill Lynch & Co. is the bookrunner.

Proceeds will be used to refinance leveraged buyout-related debt.

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