Jacuzzi Brands price talk 9 ¾%-10% on $370 million seven-year notes pricing Monday

By Paul A. Harris

St. Louis, June 27 - The price talk is 9 ¾%-10% on Jacuzzi Brands, Inc. $370 million of seven-year non-call-four senior secured notes (B3/B), according to an informed source who added that the deal is expected to price on Monday.

Credit Suisse First Boston is the bookrunner on the Rule 144A/Regulation S offering

Proceeds will be used to help repay debt under the existing credit facilities and redeem the 7 1/8% senior notes due 2003, the 11 ½% senior notes due 2005 and the 7 ½% senior notes due 2006.

The issuer is a West Palm Beach, Fla. manufacturer and distributor of bath and plumbing products.

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