Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for American Piping Products, Inc. > News item |
American Piping starts roadshow for $100 million five-year notes
By Paul A. Harris
Portland, Ore., Nov. 8 - American Piping Products, Inc. began a roadshow on Thursday in Los Angeles for a $100 million offering of five-year senior secured notes, according to an informed source.
Investor meetings are planned for New York City in the week ahead.
Imperial Capital is the manager of the Rule 144A and Regulation S for life offering.
The notes become callable in two years at par plus 50% of the coupon.
Proceeds will be used to repay debt, to redeem preferred stock and founder's stock, and to pay a dividend to common stock holders.
The prospective issuer is a St. Louis-based distributor of specialty pipes, fitting and flanges.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.