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Ainsworth Lumber starts roadshow for $95 million notes Tuesday
By Paul A. Harris
St. Louis, Mo., Dec 10 - Ainsworth Lumber Co. Ltd. begins a roadshow Tuesday for an offering of $95 million of senior secured notes due July 15, 2007 (Caa1/B- expected) via sole bookrunner Goldman Sachs & Co., a syndicate source told Prospect News.
The notes are expected to price Wednesday.
The notes will be sold in a Rule 144A offering and are non-callable, according to the source.
Proceeds will be used to repay the Vancouver, British Columbia-based forest products company's bank debt and bridge loan.
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