United Components Sets IPO Terms

United Components, a supplier of replacement parts to the light and heavy-duty vehicle aftermarket, has set the terms of its IPO on the NYSE under the symbol UCII. BofA Merrill Lynch and Deutsche Bank are leading the underwriting for the offering. United Components intends to sell about 13.3 million shares of common stock at a price range of between $14 and $16 per share. Proceeds from the offering will be used to pay off existing indebtedness. United Components has been backed by The Carlyle Group since an $800 million buyout in 2003.