Mail-Well $300 million 10-year notes talk at 9¾%-10%, pricing Friday

By Paul A. Harris

St. Louis, Mo., March 6 - Price talk of 9¾%-10% emerged Wednesday on Mail-Well Corp.'s offering of $300 million senior notes due 2012 (B1/BB), according to a syndicate source.

The deal is set to price Friday afternoon, according to the source.

Credit Suisse First Boston, and UBS Warburg are joint bookrunners for the Rule 144A deal. The co-managers are Banc of America Securities, US Bancorp Piper Jaffray, Fleet Securities, Scotia Capital and Wachovia Securities.

The notes non-callable for five years. The Englewood, Colo.-based commercial printer and envelope manufacturer will use the proceeds to repay bank debt and to pre-fund the redemption of $139 million of convertible notes due November 2002.

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