Altra starts roadshow for $200 million seven-year secured notes

By Paul A. Harris

St. Louis, Nov. 12 - Altra Holdings, Inc. began a roadshow on Thursday for its $200 million offering of seven-year senior secured notes (expected ratings B1/B+), according to an informed source.

A global investor call is set for 11 a.m. ET on Friday.

The roadshow wraps up on Tuesday.

Jefferies & Co. Bank of America Merrill Lynch and J.P. Morgan Securities Inc. are joint bookrunners for the Rule 144A and Regulation S with registration rights notes. KeyBanc Capital Markets Inc. and Stephens Inc. are co-managers.

The notes come with three years of call protection.

Proceeds will be used to repurchase or redeem Altra's 9% notes and to repay the revolving credit facility of TB Wood, which Altra acquired in the spring of 2007.

Altra is a Quincy, Mass.-based manufacturer of mechanical power transmission and motion control products.

© 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.