Hot Deal For U.S. Cold Storage Wachovia Back in Mix

By Grant Catton

January 14, 2008

United States Cold Storage was seeking private funds via Wachovia Securities last week, sources said. The deal represents Wachovia's return to the U.S. private market after most of its private placement team was cut last fall. The deal for USCS consists of $160 million in senior notes and is said to be structured into 10-, and 12-year tranches. USCS is an NAIC-2 type credit.

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