Gregg Appliances to launch $165 million eight-year notes Wednesday

By Paul A. Harris

St. Louis, Jan. 14 - Gregg Appliances Inc. will launch its $165 million offering of eight-year senior notes (B) in a roadshow set to run Tuesday through Jan. 27, according to an informed source.

The notes, which will mature in 2013 and are non-callable for four years, are expected to price on Jan. 27.

Wachovia Securities is the bookrunner for the Rule 144A offering. Jefferies & Co. is the co-manager.

Proceeds will be used to help fund the acquisition of the company. The sponsor is Freeman Spogli & Co.

Gregg Appliances is an Indianapolis-based retailer of consumer electronics and appliances under the HH Gregg brand.

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