New Issue: Aviall prices $200 million eight-year notes to yield 7 5/8%

By Paul A. Harris

St. Louis, June 25 - Aviall, Inc. priced $200 million of senior notes due July 1, 2011 (B1) at par Wednesday to yield 7 5/8%, according to a syndicate source.

Price talk was for a yield in the 7¾% area.

Citigroup was the bookrunner on the Rule 144A deal. Credit Suisse First Boston and Wachovia Securities were co-lead managers.

Aviall will use proceeds to redeem its 14% senior notes due 2007 and to reduce bank debt.

The issuer is a Dallas-based provider of aftermarket supply-chain management services for aviation and marine industries.

Issuer:	Aviall, Inc.
Amount:	$200 million
Maturity:	July 1, 2011
Security description:	Senior notes
Bookrunner:	Citigroup
Co-lead managers:	Credit Suisse First Boston, Wachovia Securities
Coupon:	7 5/8%
Price:	Par
Yield:	7 5/8%
Call features:	Callable on July 1, 2007 at 103.813, then at 101.906, declining to par on July 1, 2009 and thereafter
Equity clawback:	Until July 1, 2006 for 35% at 107.625
Settlement date:	June 30, 2003
Ratings:	Moody's: B1
	Standard & Poor's BB
Price talk:	7¾% area

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