Sequa pricing $350 million five-year senior notes Monday

By Paul A. Harris and Aleesia Forni

Columbus, Ohio, Dec. 10 - Sequa Corp. intends to sell $350 million five-year senior notes on Monday, according to a market source.

An investor call was held at 11 a.m. ET.

Barclays, Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Goldman Sachs & Co., Morgan Stanley & Co. LLC and RBC Capital Markets are the joint bookrunners for the Rule 144A for life deal.

The notes will be immediately callable at 101.5.

Proceeds will be used to refinance debt, including the company's 11¾% notes and 13½% notes.

Sequa is a New York-based diversified aerospace and industrial company.

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