Radnor Holdings $135 million seven-year notes talked at 10¾%-11%, pricing Thursday

By Paul A. Harris

St. Louis, March 5 - Price talk of 10¾%-11% emerged Wednesday on Radnor Holdings Corp.'s upcoming offering of $135 million seven-year senior notes (B2/B-), according to a syndicate source.

The deal is expected to price on Thursday.

Deutsche Bank Securities Inc. is the bookrunner. Fleet Securities, PNC and UBS Warburg are co-managers.

Proceeds from the Rule 144A notes will be used to repay the company's revolver and redeem its existing notes.

The issuer is a Radnor, Pa.-based manufacturer and distributor of foam packaging and specialty chemical products for the foodservice, insulation and protective packaging industries.

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