Euramax starts roadshow for $375 million five-year secured notes

By Paul A. Harris

Portland, Ore., March 7 - Euramax International, Inc. began a full roadshow on Monday for a $375 million offering of five-year senior secured notes, according to an informed source.

Deutsche Bank Securities Inc. has the books for the Rule 144A with registration rights offer. Gleacher Securities, Wells Fargo Securities and Morgan Keegan are the co-managers.

The notes come with two years of call protection. However, a special call provision allows the issuer to redeem 10% of the notes annually at 103 during the non-call period.

The notes also feature a 101% poison put.

Credit ratings remain to be determined.

Proceeds will be used to refinance first-lien bank debt.

Euramax is a Norcross, Ga., producer of aluminum, steel, vinyl and fiberglass building supplies.

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