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American Tire expected to offer $1 billion notes in Feb. 5 week; 8½% area yield anticipated
By Paul A. Harris
Portland, Ore., Feb. 5 – American Tire Distributors is expected to kick off a $1 billion offering of unsecured notes during the week ahead, a source said.
The market anticipates a yield in the 8½% area.
Goldman Sachs & Co. LLC will be the lead.
The Huntersville, N.C.-based tire distribution business plans to use the proceeds to repay bank debt.
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