Hearthside Food Solutions to start roadshow on Tuesday for $270 million eight-year notes

By Paul A. Harris

Portland, Ore., April 21 - Hearthside Food Solutions LLC plans to start a roadshow on Tuesday for a $270 million offering of eight-year senior notes (Caa1/CCC+), according to a market source.

The roadshow is set to wrap up on Thursday.

Goldman Sachs & Co., Barclays, Deutsche Bank Securities Inc., Fifth Third and KeyBanc Capital Markets are the joint bookrunners. SMBC Nikko is the co-manager.

The Rule 144A and Regulation S notes come with three years of call protection.

Proceeds will be used to help fund the buyout of Hearthside Food, a Downers Grove, Ill., bakery and contract food manufacturer, by Goldman Sachs and Vestar Capital Partners from Wind Point Partners.

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