Dematic starts roadshow for $250 million eight-year notes

By Paul A. Harris

Portland, Ore., Dec. 10 - Dematic is marketing a $250 million offering of eight-year senior notes (expected ratings Caa1/CCC+), which are expected to price on Thursday, according to a market source.

J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC and Barclays are leading the deal.

The notes come with three years of call protection.

Proceeds will be used to help fund AEA Investors and Teachers' Private Capital's buyout of the company from Triton.

Dematic is a provider of warehouse logistics and materials handling solutions.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.