EnPro Industries to price $350 million eight-year senior notes

By Paul A. Harris

Portland, Ore., Oct. 1 – EnPro Industries, Inc. plans to start a two-day roadshow for a $350 million offering of eight-year senior notes (existing ratings B1/BB) on Tuesday, according to a market source.

An investor conference call is scheduled for 11:30 a.m. ET on Tuesday.

The roadshow is set to wrap up on Wednesday.

BofA Merrill Lynch, Wells Fargo Securities LLC, Fifth Third Bank and KeyBanc Capital Markets are the joint bookrunners for the Rule 144A with registration rights offering.

The notes come with three years of call protection.

The Charlotte, N.C.-based producer of highly engineered components plans to use the proceeds, together with a draw on its senior secured revolving credit facility, to redeem all of its outstanding 5 7/8% senior notes due 2022.

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