Blount to start roadshow Thursday for $175 million eight-year notes via Lehman

By Paul A. Harris

St. Louis, July 20 - Blount Inc. will begin a roadshow Thursday for a $175 million offering of eight-year senior subordinated notes, according to a market source.

Pricing is expected mid-to-late in the week of Aug. 2.

Lehman Brothers has the books for the off-the-shelf offering. The co-managers are JP Morgan, BNP Paribas, Robert W. Baird & Co. and UBS Investment Bank.

The notes will come with four years of call protection and will contain a three-year 35% equity clawback.

The company is concurrently in the market with a common stock offering of about $125 million.

Proceeds will be used to refinance debt.

The prospective issuer is a wholly owned subsidiary of Blount International Inc., a Portland, Ore., outdoor products, industrial and power equipment, and lawn mower company.

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