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H.B. Fuller guiding $300 million eight-year notes at 4˝%-4 5/8%; pricing expected Wednesday
By Paul A. Harris
Portland, Ore., Oct. 6 – H.B. Fuller Co. is guiding its $300 million public offering of eight-year senior notes (S&P: BB-) to yield 4˝% to 4 5/8%, according to a market source.
The deal is expected to price on Wednesday.
J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and U.S. Bancorp Investments Inc. are the bookrunners.
The notes come with three years of call protection.
Proceeds will be used to repay a portion of the company’s term loan under its secured credit facility and for general corporate purposes, including to refinance or repay debt.
The industrial adhesives, sealants, coatings and specialty materials company is based in St. Paul, Minn.
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