H.B. Fuller talks $300 million eight-year notes to yield 4¼%-4½%; pricing Wednesday

By Paul A. Harris

Portland, Ore., Oct. 7 – H.B. Fuller Co. talked its $300 million public offering of eight-year senior notes (B2/BB-/BB) to yield 4¼% to 4½%, according to market sources.

Official talk comes tight to the 4½% to 4 5/8% early guidance.

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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