Riddell Bell $140 million eight-year notes talked to yield 8 3/8%-8 5/8%, to price Thursday

By Paul A. Harris

St. Louis, Sept. 22 - Riddell Bell Holdings Inc.'s $140 million offering of eight-year senior subordinated notes (B3/B-) is talked to yield 8 3/8% to 8 5/8%, according to a market source.

The deal is expected to price on Thursday afternoon.

Goldman Sachs & Co. and Wachovia Securities are joint bookrunners for the Rule 144A offering. UBS Investment Bank is the co-manager.

The notes will come with four years of call protection.

Proceeds will be used to help finance the acquisition of Bell Sports and to repay existing debt at Riddell Sports Group, a subsidiary of the new company, formed from the combination of Riddell Sports Group Inc. and Bell Sports Corp.

The company, which makes helmets and other sporting equipment, is based in Irving, Texas.

© 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.