New Issue: Anchor Glass prices $50 million add-on at 107.5 to yield 9.579%

By Paul A. Harris

St. Louis, July 29 - Anchor Glass Container Corp. priced a $50 million add-on to its 11% senior secured notes due Feb. 15, 2013 at 107.5 on Tuesday for a yield to worst of 9.579%, according to a market source.

Deutsche Bank Securities Inc. and Credit Suisse First Boston were bookrunners.

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

Issuer:	Anchor Glass Container Corp.
Amount:	$50 million
Security description:	Add-on to 11% senior secured notes due 2013
Bookrunners:	Deutsche Bank Securities, Credit Suisse First Boston
Maturity:	Feb. 15, 2013
Coupon:	11%
Price:	107.5
Yield to worst:	9.579%
Spread:	576 basis points
Call features:	Callable on Feb. 15, 2008 at 105.5, then 103.667, 101.833, declining to par on Feb. 15, 2011 and thereafter
Equity clawback:	Until Feb. 15, 2006 for 35% at 111.0
Settlement date:	Aug. 5, 2003 (T+5) with accrued interest

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