Asbury Automotive $200 million 10-year notes talked at 9 1/8%-9 3/8%, pricing Friday

By Paul A. Harris

St. Louis, Mo., May 29 - Price talk of 9 1/8%-9 3/8% emerged Wednesday on Asbury Automotive Group, Inc.'s $200 million of senior subordinated notes due 2012 (B3/B), according to a market source. Pricing is expected on Friday.

Goldman Sachs & Co. is the bookrunner. Salomon Smith Barney is the co-manager.

The Rule 144A notes are non-callable for five years.

Proceeds will be used to repay bank debt.

The Stamford, Conn.-based automobile retailer operates 91 retail auto stores.

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