Exide Technologies to launch $350 million eight-year notes Tuesday

By Paul A. Harris

St. Louis, Feb. 28 - Exide Technologies Inc. will launch its $350 million offering of eight-year senior notes (Caa1/B) in a roadshow beginning Tuesday, according to a syndicate source.

A presentation will be made to investors Thursday in New York and Friday in Boston. Pricing is expected to take place during the week of March 7.

Deutsche Bank Securities and Credit Suisse First Boston will be joint bookrunners for the Rule 144A/Regulation S offering. Banc of America Securities LLC and UBS Investment Bank will be the co-managers.

The notes will come with four years of call protection.

Proceeds will be used to repay Exide's senior credit facilities and to provide the company with greater liquidity.

Exide is a Lawrenceville, N.J., stored electrical energy solutions provider.

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