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Inergy to price $150 million add-on to 8¼% notes due March 2016 on Thursday
By Paul A. Harris
St. Louis, April 23 - Inergy LP and Inergy Finance Corp. plan to price a $150 million add-on to their 8¼% senior notes due March 1, 2016 on Thursday, according to an informed source.
Wachovia Securities, Lehman Brothers and J.P. Morgan Securities Inc. are leading the Rule 144A with registration rights add-on.
Proceeds will be used to repay the company's revolving acquisition credit facility.
The original $200 million issue priced at par on Jan. 11, 2006.
Inergy is a Kansas City, Mo., owner and operator of a retail and wholesale propane marketing and distribution business.
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