| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for Tube City IMS Corp. > News item |
Tube City to sell $250 million eight-year senior subordinated notes
By Paul A. Harris
St. Louis, Jan. 4 - Tube City IMS Corp. is expected to announce a $250 million offering of eight-year senior subordinated notes as early as Friday, a market source told Prospect News.
Credits Suisse has the books, the source added.
On Thursday Standard & Poor's assigned its B- rating to the notes.
Proceeds, in addition to a $325 million credit facility, will be used to help fund the acquisition of Tube City by Onex Partners.
Tube City is a Glassport, Pa., provider of outsourced services to steel mills.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.