Durr to start roadshow for €150 million 7¼% five-year notes Monday

By Paul A. Harris

St. Louis, Sept. 9 - Germany's Durr AG will begin a roadshow on Monday for its €150 million offering of 7¼% five-year unsubordinated notes (B2/B), according to market sources.

The notes, which are to be issued at par, are expected to be marketed through Sept. 24. However the subscription period could be terminated early should the deal become oversubscribed.

Close Brothers Seydler Bank AG is the bookrunner for the private placement. Solventis Wertpapierhandelsbank GmbH is the sub-underwriter.

Proceeds will be used to redeem the company's 9¾% notes due July 15, 2011 at par in November.

Durr is a Bietigheim-Bissingen, Germany-based holding company providing, through its subsidiaries, equipment, systems and services mainly for automobile and aircraft industries.

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