Exide to start roadshow Tuesday for $675 million seven-year notes

By Paul A. Harris

Portland, Ore., Jan. 10 - Exide Technologies will start a brief roadshow on Tuesday for its $675 million offering of seven-year senior secured notes (B2/B/), according to market sources.

The deal is set to price on Thursday.

Deutsche Bank Securities Inc. is the left bookrunner for the Rule 144A and Regulation S offering. Wells Fargo and Morgan Stanley & Co. Inc. are the joint bookrunners.

The notes come with four years of call protection.

Proceeds will be used to repay bank debt, to fund the tender offer for the company's 10½% senior notes due 2013, to fund working capital and for general corporate purposes.

Exide is a Milton, Ga.-based stored electrical-energy solutions company.

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