Ames True Temper to price $150 million seven-year floater early Jan. 10 week

By Paul A. Harris

St. Louis, Jan. 7 - Ames True Temper Inc. plans to price $150 million of seven-year senior floating-rate notes (B) early in the week of Jan. 10, according to an informed source.

An investor conference call was held Dec. 31.

The notes will be non-callable for two years.

Banc of America Securities LLC and Credit Suisse First Boston are joint bookrunners for the Rule 144A offering.

Proceeds will be used to repay the company's term loan.

Ames True Temper is a Camp Hill, Pa.-based manufacturer and marketer of non-powered lawn and garden tools and accessories.

© 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.