American Rock Salt plans roadshow for $200 million seven-year secured notes in April 11 week

By Paul A. Harris

Portland, Ore., April 8 - American Rock Salt Co. LLC will conduct an investor roadshow during the April 11 week for a $200 million offering of seven-year second-lien senior secured notes (B3/CCC+), according to an informed source.

An investor call is set for 10:30 a.m. ET on Monday.

The deal is expected to price late in the April 11 week.

Morgan Stanley & Co. has the books for the Rule 144A for life offering. RBS Securities Inc. is the co-manager.

The notes come with three years of call protection.

The Retsof, N.Y.-based producer of highway deicing rock salt plans to use the proceeds to repay debt at the holding company and fund a dividend.

© 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.