Ainsworth Lumber to start roadshow Thursday for $200 million 10-year notes

By Paul A. Harris

St. Louis, Feb. 17 - Ainsworth Lumber Co. will starts a roadshow Thursday for a $200 million offering of 10-year senior notes (B2/B+), according to an informed source.

Pricing is expected to take place on Feb. 27.

Goldman Sachs & Co. will run the books on the Rule 144A offering. Deutsche Bank Securities will be the co-manager.

The notes will come with five years of call protection.

Proceeds together with excess cash will be used to fund the tender for $89.085 million of the company's 13 7/8% senior secured notes due July 15, 2007 and $184.6 million of its 12½% senior secured notes due July 15, 2007.

Vancouver, B.C.-based Ainsworth Lumber is a forest products company.

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