Hayes Lemmerz announces $150 million offering of euro-denominated notes

By Paul A. Harris and Sara Rosenberg

St. Louis, March 3 - Hayes Lemmerz International Inc. plans to sell $150 million of euro-denominated senior unsecured notes via Rule 144A and Regulation S, the company said in a news release Thursday.

No further structure was heard, and timing and syndicate information was not disclosed.

The Northville, Mich., manufacturer of automobile wheels is also in the bank loan market with a $450 million credit facility that is being led by Citigroup.

The company plans to use about half of the net proceeds from the notes offering for general corporate purposes and the balance to repay a portion of its term loan facility.

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