Triad Financial talks $200 million eight-year notes at 10¼%-10½%; pricing Tuesday

By Paul A. Harris

St. Louis, April 25 - Triad Acquisition Corp. (Triad Financial) is talking its $200 million offering of eight-year senior notes that are non-callable for four years at 10¼% to 10½%, according to an informed source.

Pricing is expected on Tuesday.

Goldman Sachs & Co. has the books for the Rule 144A/Regulation S offering, which has registration rights. Citigroup is the joint bookrunner.

Proceeds will be used to help fund the buyout of the company by Goldman Sachs Capital Partners, Hunters Glen and GTCR Golder Rauner from Ford Motor Co.

Triad is a Huntington Beach, Calif., lender to sub-prime borrowers.

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