Euramax postpones $315 million note offering

By Paul A. Harris

St. Louis, Sept. 19 - Euramax International has postponed its $315 million offering of eight-year senior subordinated notes (Caa1/B-), citing market conditions, according to an informed source.

Goldman Sachs and Credit Suisse First Boston were the bookrunners.

Had the offer gone forward, the proceeds were to have been used to repay $190 million of outstanding borrowings and to redeem $110 million of the company's payment-in-kind notes.

Euramax is a Norcross, Ga., aluminum and steel building products manufacturer.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.