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AmeriPath $210 million 10-year notes talked at 10¾% area, pricing Thursday afternoon
By Paul A. Harris
St. Louis, March 12 - AmeriPath Inc.'s $210 million of 10-year senior subordinated notes (expected ratings B3/B-) are talked at a yield in the 10¾% area, according to a syndicate source.
The deal is expected to price Thursday afternoon, the source added.
Credit Suisse First Boston and Deutsche Bank Securities Inc. are joint bookrunners.
The notes are non-callable for five years.
Proceeds will be used to help fund the LBO of the company by Welsh, Carson, Anderson & Stowe, to be completed before April 30, 2003 - a transaction valued at $839.4 million.
AmeriPath is a Riviera Beach, Fla. provider of cancer diagnostics, genomic, and related information services
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