Blaze Recycling stars roadshow for $110 million five-year notes

By Paul A. Harris

St. Louis, June 19 - Blaze Recycling & Metals, LLC, in conjunction with Blaze Finance Corp., began a roadshow on Tuesday for its $110 million offering of senior secured notes due July 15, 2012, according to an informed source.

The Rule 144A for life deal, which is being led by Jefferies & Co., is scheduled to conclude its roadshow on June 27.

The notes come with three years of call protection.

Credit ratings remain to be determined.

Proceeds will be used to fund the acquisition of the company by affiliates of Altazano Management LLC, CarVal Investors LLC and Jefferies & Co., Inc.

Proceeds also will be used to fund capital expenditures and for general corporate purposes.

Blaze Recycling is a Norcross, Ga., metal recycler.

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