Anchor Glass Container expected to price $50 million add-on to 11% notes due 2013 on Tuesday

By Paul A. Harris

St. Louis, July 28 - Anchor Glass Container expects to price a $50 million add-on to its 11% senior secured notes due Feb. 15, 2013 on Tuesday, according to market sources.

Deutsche Bank Securities and Credit Suisse First Boston are underwriters on the deal.

The notes are callable on Feb. 15, 2008 at 105.5, then at 103.667, 101.833, and at par on Feb. 15, 2011 and thereafter. They also contain an equity clawback until 2006 for 35% at 111.0.

The Tampa, Fla. glass container company will use proceeds to fund capital improvements and pay down its revolver.

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