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Shaw Group starts roadshow Friday for $250 million seven-year notes
By Paul A. Harris
St. Louis, Feb. 27 - The Shaw Group will begin a roadshow Friday for $250 million of senior notes due 2010, according to a syndicate source.
The new notes are expected to receive high speculative-grade credit ratings of "double-Bs on both sides", the source added.
The deal is expected to price during the week of March 10.
Credit Suisse First Boston and UBS Warburg are joint bookrunners.
The Rule 144A notes are non-callable for four years.
Proceeds will be used to fund the company's tender for some of its Liquid Yield Option Notes.
The Baton Rouge, La.-based company provides piping systems, engineering, procurement and construction services to power generators.
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