American Commercial Lines to sell $200 million 10-year notes

By Paul A. Harris and Sara Rosenberg

St. Louis, Jan. 26 - American Commercial Lines LLC said it plans to sell $200 million of 10-year senior notes (B3).

UBS Investment Bank and Banc of America Securities LLC will run the books for the Rule 144A/Regulation S offering, according to a capital markets source.

The company will also obtain a $225 million asset-backed revolving credit facility with the same bookrunners.

Proceeds will be used to repay the company's existing $35 million asset-based revolver, to repay its $225 million senior secured term loan, including accrued interest, and to repay its $140 million junior secured term loan, including accrued interest.

American Commercial Lines is a Jeffersonville, Ind.-based marine transportation and services company.

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