Euramax $315 million eight-year notes talked at 9¾%-10%, to price Friday

By Paul A. Harris

St. Louis, Sept. 14 - Euramax International talked its $315 million offering of eight-year senior subordinated notes at 9¾% to 10% on Wednesday, according to a market source.

The offering is expected to price on Friday.

Goldman Sachs & Co. and Credit Suisse First Boston are joint bookrunners for the Rule 144A with registration rights offering.

The notes come with four years of call protection.

Moody's Investors Service assigns its Caa1 rating to the notes. Standard & Poor's rates the notes B-.

Proceeds will be used to repay in full $190 million of the company's outstanding borrowings and to redeem $110 million of its PIK notes.

Euramax is a Norcross, Ga., manufacturer of aluminum and steel building products for the construction and transportation markets.

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