Euramax credit facility, notes to be led by Goldman, CSFB

By Sara Rosenberg

New York, April 19 - Euramax International Inc. has signed on Goldman Sachs and Credit Suisse First Boston as joint bookrunners on its leveraged buyout financing package that is expected to include both a new credit facility and a new notes offering, according to market sources.

No further details on the loan or the notes are available at this time, sources added.

In connection with the LBO, Euramax will redeem or repurchase all of its 8.5% senior subordinated notes due 2011.

Under the acquisition agreement, GSCP EMAX Acquisition LLC - a newly formed company organized by Goldman Sachs Capital Partners and management of Euramax - will purchase Euramax for a price of $1.038 billion less net debt and certain company transaction expenses. The purchase price is subject to further adjustment based on the amount of net working capital of the company immediately prior to the closing.

Euramax is a Norcross, Ga., producer of aluminum, steel, vinyl and fiberglass products for original equipment manufacturers, distributors, contractors and home centers.

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