Affinia to start roadshow Wednesday for $300 million 10-year notes

By Paul A. Harris

St. Louis, Nov. 2 - Affinia Group Inc. is expected to hold a roadshow Wednesday to Nov. 11 for a $300 million offering of 10-year senior subordinated notes (B), according to a market source.

Credit Suisse First Boston, Deutsche Bank Securities, Goldman Sachs & Co. and JP Morgan will run the books.

The notes will be non-callable for five years.

Proceeds will be used to help fund the Cypress Group's $1.1 billion acquisition of Affinia from Dana Corp., a Toledo, Ohio-based designer and manufacturer of value-added products and systems for automotive, commercial, and off-highway vehicles.

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