Heckler & Koch to start roadshow Monday for €115 million seven-year notes

By Paul A. Harris

St. Louis, June 30 - Heckler & Koch GmbH (the operating company) will begin a roadshow Monday for an offering of €115 million of seven-year senior secured notes (B1), according to market sources.

Citigroup will run the books for the Rule 144A/Regulations S offering.

The notes will come with four years of call protection and will be secured with first-priority security interest over capital stock and the note proceeds loan.

Proceeds will be used to repay loans, to prefund capital expenses and to provide working capital for the U.S. plant.

The Oberndorf, Germany-based company is a defense contractor in the small arms segment and sells only to NATO military and law enforcement clients.

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