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National Nephrology $150 million eight-year notes talked at 9%-9¼%, pricing Thursday
By Paul A. Harris
St. Louis, Oct. 15 - Price talk is 9%-9¼% on National Nephrology Associates, Inc.'s upcoming sale of $150 million eight-year senior subordinated notes (B3/B-), according to a syndicate source.
The deal is expected to price on Thursday, the source added.
Banc of America Securities is running the books for the Rule 144A offering. JP Morgan and RBC are joint leads. Harris Nesbitt is co-manager.
The notes will be non-callable for four years.
National Nephrology will use proceeds to repay bank debt and to fund payment of the first phase of its acquisition of the Saint Barnabas assets.
The company is a Nashville-based provider of dialysis services.
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