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Great Lakes Dredge & Dock to start roadshow Friday for $170 million 10-year notes
By Paul A. Harris
St. Louis, Dec. 3 - Great Lakes Dredge & Dock Corp. will start a roadshow Friday for a $170 million offering of senior subordinated notes due 2013, according to a syndicate source.
The deal is expected to price early in the week of Dec. 15.
Lehman Brothers, Credit Suisse First Boston and Banc of America Securities will be bookrunners on the Rule 144A offering.
Proceeds from the 10-year non-call-five-year notes will be used to help fund the company's leveraged buyout by Madison Dearborn Partners LLC from Ventura Holding Co. LLC.
Great Lakes Dredge & Dock is an Oak Brook, Ill., provider of dredging services.
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