New Issue: Euramax sells $200 million eight-year notes to yield 8½%

By Paul A. Harris

St. Louis, July 30 - Euramax International, Inc. sold $200 million of senior subordinated notes due Aug. 15, 2011 (B2/B) at par Wednesday to yield 8½%, according to a syndicate source.

Price talk was 8¼%-8½%.

UBS Investment Bank and Banc of America Securities were joint bookrunners on the Rule 144A deal. The co-managers were Wachovia Securities, ABN Amro and Fleet Securities.

Euramax will use proceeds to repay debt and possibly pay a dividend.

The issuer is a Norcross, Ga.-based producer of aluminum, steel, vinyl and fiberglass products.

Issuer:	Euramax International, Inc.
Amount:	$200 million
Maturity:	Aug. 15, 2011
Security description:	Senior subordinated notes
Bookrunners:	UBS Investment Bank, Banc of America Securities
Co-managers:	Wachovia Securities, ABN Amro, Fleet Securities
Coupon:	8½%
Price:	Par
Yield:	8½%
Spread:	445 basis points
Call features:	Callable on Aug. 15, 2007 at 104.25, then 102.125, declining to par on Aug. 15, 2009 and thereafter
Settlement date:	Aug. 6, 2003 (T+5)
Ratings:	Moody's: B2
	Standard & Poor's: B
Rule 144A Cusip:	29843QAA0
Price talk:	8¼%-8½%

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