Roundy's to price $75 million add-on Thursday

By Paul A. Harris

St. Louis, Dec. 11 - Roundy's Inc. will price a $75 million add-on to its 8 7/8% senior subordinated notes due June 15, 2012 (B2/expected B) on Thursday, according to a syndicate source.

Prices talk is 99-100.

Bear Stearns & Co. is the bookrunner. CIBC World Markets is co-manager.

The Rule 144A notes are callable on June 15, 2007 at 104.438, then at 102.958 on June 15, 2008, 101.479 on June 15, 2009 and at par on June 15, 2010 and thereafter. The notes contain an equity clawback of 35% at 108.875 until June 15, 2005.

Roundy's priced the original $225 million offering on May 23 at par to yield 8 7/8%.

Proceeds will be used to fund the acquisition of Prescott's Supermarkets and for general corporate purposes.

The issuer is a Pewaukee, Wis.-headquartered food wholesaler and retailer.

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