Jarden expects 4Q, 2009 sales above Street views

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RYE, N.Y. (AP) — Jarden Corp. raised its fourth-quarter revenue guidance Monday and said it expects sales for the quarter and full year to come in above Wall Street’s expectations.

The consumer products provider also said that it plans to offer $400 million in senior subordinated notes due 2020.

Jarden now expects fourth-quarter sales of about $1.35 billion, which would top its prior outlook for revenue of $1.3 billion.

Analysts polled by Thomson Reuters predict sales of $1.33 billion.

Jarden forecast 2009 revenue of approximately $5.1 billion, while analysts expect sales of $5.08 billion.

The company, which provides coffee makers, heating pads, health merchandise and other items, plans to report its fourth-quarter and full-year financial results on Feb. 18.

Jarden anticipates using net proceeds from the notes offering to pay back part of a term loan due in 2012. The rest of the proceeds would go toward general corporate purposes.