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Accellent to sell $325 million eight-year notes
By Paul A. Harris
St. Louis, Nov. 7 - Accellent Inc. is in the market with a $325 million offering of eight-year senior subordinated notes (Caa1/B-) that is expected to price during the week of Nov. 21, according to market sources.
Credit Suisse First Boston and JP Morgan are joint bookrunners for the Rule 144A with registration rights offering.
The notes come with four years of call protection.
Proceeds will be used to fund the acquisition of the company by Kohlberg Kravis Roberts & Co. and to refinance existing debt.
Accellent is a Wilmington, Mass.-based medical device manufacturer.
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