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FastenTech roadshow for $175 million eight-year notes runs through Feb. 13
By Paul A. Harris
St. Louis, Feb. 5 - FastenTech, Inc. is on the road through Feb. 13 to promote an offering of $175 million senior subordinated notes due 2011 (B3/B-), according to a market source.
The roadshow began Wednesday.
JP Morgan and Lehman Brothers are bookrunners on the Rule 144A deal. Banc One Capital Markets is co-manager.
Proceed will be used to repay debt and settle interest rate swaps.
The Minneapolis-based company is a manufacturer and marketer of specialized fastener systems, with end markets that include the automotive and light truck, construction, industrial, military, power generation, and medium- and heavy- duty truck markets.
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