Horsehead plans to start roadshow July 9 week for $175 million five-year secured notes

By Paul A. Harris

Portland, Ore., June 28 - Horsehead Holding Corp. plans to begin a full roadshow during the July 9 week for a $175 million offering of five-year senior secured notes (expected ratings B2/B), according to an informed source.

Cowen & Co. is the lead left bookrunner for the Rule 144A for life deal. CRT Capital Group LLC is the joint bookrunner.

Proceeds will be used to fund the construction of the company's Rutherford, N.C., plant.

Pittsburgh-based Horsehead Holding is the parent company of Horsehead Corp., which produces specialty zinc and zinc-based products and recycles electric arc furnace dust.

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