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ABC Supply to price $600 million eight-year notes this week
By Paul A. Harris
Portland, Ore., April 2 - American Builders & Contractors Supply Co. Inc. expects to price a $600 million offering of eight-year senior notes (B3/B) late in the present week, according to a market source.
Deutsche Bank Securities Inc., BofA Merrill Lynch and UBS Securities LLC are the joint bookrunners.
The notes come with three years of call protection.
Proceeds will be used to help finance the redemption of the minority shares held by Advent International, Apollo, and the founding family of the legacy Bradco Supply business, and to redeem all outstanding stock appreciation rights.
The company is a Beloit, Wis.-based building supply company.
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