Allis-Chalmers Energy to start roadshow Thursday for $150 million eight-year notes

By Paul A. Harris

St. Louis, Dec. 30 - Allis-Chalmers Energy Inc. will begin a roadshow Thursday for its $150 million offering of eight-year senior notes (B3/B-), according to a market source.

The notes, which will mature in 2014, are expected to price on Jan. 15.

RBC Capital Markets has the books for the Rule 144A/Regulation S offering.

The notes will come with four years of call protection.

Proceeds will be used to fund the acquisition of Specialty Rental Tools, Inc. and to repay existing debt.

The prospective issuer is a Houston-based provider of oilfield services and equipment to the oil and gas exploration and development industry.

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