Resolution Performance $175 million seven-year notes talked at 9 5/8%-9 7/8%

By Paul A. Harris

St. Louis, April 3 - Price talk of 9 5/8%-9 7/8% emerged Thursday on Resolution Performance Products LLC's offering of $175 million senior secured second priority notes due 2010 (B2/B+), according to a syndicate source.

The deal is expected to price Friday, the source added.

Morgan Stanley is the bookrunner. Credit Suisse First Boston, JP Morgan and Salomon Smith Barney are co-managers.

The Rule 144A notes are non-callable for three years. They will be issued jointly with Resolution Performance's subsidiary RPP Capital Corp.

Proceeds will be used to repay debt and for general corporate purposes including working capital.

The issuer is a Houston-based manufacturer and developer of epoxy resins.

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