Bonds Sell On USI Deal

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Bonds Sell On USI Deal

Bankers said Deutsche Bank and Credit Suisse First Boston sold roughly $400 million of a $550 million offer of 10-year, senior subordinated notes on behalf of U.S. Industries, pushing the company's $700 million bank deal forward as it is contingent on the bond sale. Calls to U.S. Industries were not returned by press time. Bank of America is also in a lead position for the loan. The pro rata part of the bank deal has reportedly received $55 million in commitments now that the deal is in play.

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