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ASPropulsion revises price talk downward to 9 5/8% on €200 million notes
By Paul A. Harris
St. Louis, Sept. 26 - Price talk on ASPropulsion Capital BV's upcoming sale of €200 million 10-year non-call-five senior notes (B2/B-) was revised down to the 9 5/8% area from 9¾%-10% on Friday, according to an informed source.
The deal is expected to price on Monday, the source added.
Lehman Brothers, Citigroup and Goldman Sachs are joint bookrunners on the Rule 144A/Regulation S offering.
Proceeds will be used to help fund the LBO of the FiatAvio SpA aviation engine business by The Carlyle Group.
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