A. M. Castle to price $50 million five-year convertible senior notes

By Rebecca Melvin

New York, Dec. 1 - A. M. Castle & Co. plans to sell $50 million of five-year convertible senior notes in a private transaction concurrently with a larger, straight note offering and new revolving credit financing.

The Rule 144A deals, which are being sold via Jefferies & Co. Inc., will be priced soon. There were no talked terms yet for the convertibles piece, a syndicate source said.

The convertibles have a $10 million greenshoe.

The Oak Brook, Ill.-based maker and distributor of specialty metals and industrial plastics also plans to sell $225 million of five-year senior secured notes and enter into a new $100 million asset-based revolver.

© 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.