Euramax to start roadshow Monday for $385 million five-year notes

By Paul A. Harris

Portland, Ore., July 23 – Euramax International, Inc., a wholly owned subsidiary of Euramax Holdings, Inc., plans to start a roadshow on Monday for a $385 million offering of five-year senior secured notes, according to a market source.

The deal is set to price on July 31.

Deutsche Bank Securities Inc. is leading the Rule 144A and Regulation S for life offering.

The notes become callable after 2.5 years at par plus 75% of the coupon and feature a 2.5-year 35% equity clawback.

Credit ratings remain to be determined.

The Norcross, Ga.-based producer of metal and vinyl products plans to use the proceeds to pay off its 9˝% senior secured notes due 2016, with any remaining proceeds to be used for general corporate purposes.

Euramax’s products are sold to the residential repair and remodel, commercial construction and recreational vehicle markets primarily in North America and Europe.

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