Rayovac $300 million 10-year notes headed for Sept. 25 pricing

By Paul A. Harris

St. Louis, Sept. 11 - Rayovac Corp. expects to price an offering of $300 million of senior subordinated notes due 2013 on or about Sept. 25, according to an informed source.

Banc of America Securities is bookrunner on the Rule 144A deal. Citigroup is the co-manager.

Proceeds from the 10-year non-call-five notes will be used to help finance Rayovac's acquisition of Remington Products Co. and retire Remington debt.

The prospective issuer is a Madison, Wis.-based battery and lighting device company.

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