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Phibro Animal Health to price $270 million eight-year notes Monday
By Paul A. Harris
St. Louis, June 25 - Phibro Animal Health Corp. plans to price a $270 million offering of eight-year senior notes on Monday, according to an informed source.
Price talk is expected early in the Monday session, the source added.
Bank of America Merrill Lynch has the books for the Rule 144A for life offering. Morgan Joseph and Imperial Capital are the co-managers.
The notes come with four years of call protection.
Proceeds will be used to fund the tender offers for the issuer's 10% senior notes due 2013 and its 13% senior subordinated notes due 2014.
Phibro Animal Health is a New York City-based animal health and nutrition products company.
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