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CPI Holdco roadshow delayed until next week due to illness on management team
By Paul A. Harris
St. Louis, Feb. 9 - CPI Holdco Inc. has delayed its roadshow until next week due to an illness of an individual on the management team, according to a syndicate source.
The Palo Alto, Calif.-based manufacturer and distributor of vacuum electronic devices is in the market with an $80 million offering of 10-year senior floating-rate cash or payment-in-kind notes (Caa1/B-).
The notes will be non-callable for one year.
At the issuer's discretion the notes will either be cash pay or pay in kind.
UBS Investment Bank has the books for the Rule 144A/Regulation S offering. Wachovia Securities and Bear Stearns are joint bookrunners.
Proceeds will be used to fund a distribution to shareholders.
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