TransMontaigne $200 million seven-year notes talked at 9 1/8%-9 3/8%,pricing Friday

By Paul A. Harris

St. Louis, May 21 - The price talk is 9 1/8%-9 3/8% on TransMontaigne Inc.'s upcoming sale of $200 million seven-year senior subordinated notes (B+), according to a syndicate source.

The deal is expected to price on Friday, the source added.

UBS Warburg is the bookrunner for the Rule 144A transaction. Wachovia Securities, BNP Paribas and SG Cowen are co-managers.

The notes are callable with a make-whole call for the first four years then at a premium.

Proceeds will be used to repay the existing term loan.

The Atlanta and Denver-based company provides integrated services to the petroleum industry.

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