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Avondale Mills to begin roadshow Monday for $150 million 10-year notes
By Paul A. Harris
St. Louis, June 20 - Avondale Mills, Inc. starts a roadshow Monday for $150 million of senior subordinated notes due 2013, according to a market source.
The deal is expected to price late in the week of June 23, the source added.
Wachovia Securities, Inc. is the bookrunner on the Rule 144A/Regulation S offering.
Avondale will use proceeds to redeem its 10¼% senior subordinated notes due 2006 for $127.1 million plus interest, to repay debt under its existing revolver and for general corporate purposes.
The prospective issuer is a vertically-integrated textile company based in Monroe, Ga.
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