Reddy Ice $150 million eight-year notes talked at 9¼% area, pricing Thursday morning

By Paul A. Harris

St. Louis, July 15 - Price talk of 9¼% area emerged Tuesday on Reddy Ice, Inc.'s upcoming sale of $150 million eight-year non-call-four senior subordinated notes (B3/B-), according to a syndicate source.

The deal is expected to price on Thursday morning, the source added.

Credit Suisse First Boston, CIBC World Markets and Bear Stearns & Co. are joint bookrunners.

Proceeds will be used to refinance debt including the redemption of $270 million of senior notes due 2005.

The company, formerly Packaged Ice, Inc., is headquartered in Dallas.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.