American Commercial Lines to start roadshow Friday for $200 million 10-year notes

By Paul A. Harris

St. Louis, Jan. 27 - American Commercial Lines LLC/ACL Finance Corp. will begin a roadshow on Friday for a $200 million offering of 10-year senior notes (B3/B-), according to a syndicate source.

The roadshow is scheduled to conclude on Feb. 8, with pricing expected to follow the same day.

The notes will be non-callable for five years.

UBS Investment Bank and Banc of America Securities LLC will be joint bookrunners for the Rule 144A/Regulation S offering. Merrill Lynch & Co. will be the co-manager.

The company will also put in place a $225 million asset-backed revolving credit facility.

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

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

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