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Wise Alloys postpones $150 million seven-year notes deal
By Paul A. Harris
St. Louis, Mo., May 8 - Wise Alloys, LLC/Wise Finance Corp.'s offering of $150 million of seven-year senior secured notes (B3/B+) was postponed on Wednesday, according to a syndicate source.
Merrill Lynch & Co. was the bookrunner.
Proceeds from the Rule 144A notes were to have been used to repay bank debt and for general corporate purposes.
Price talk on the offering was 11¼%-11½%.
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