American Standard begins roadshow for $175 million five-year notes

By Paul A. Harris

Portland, Ore., Jan. 12 - American Standard Brands began a brief roadshow for its $175 million offering of five-year senior secured notes on Wednesday, according to an informed source.

The deal is set to price by the end of the Jan. 10 week.

Goldman Sachs & Co. is the left bookrunner. UBS Investment Bank is the joint bookrunner.

The notes, which will be issued via subsidiary AS America, Inc., will come via Rule 144A and Regulation S and will be sold without registration rights.

The notes come with 2.5 years of call protection.

Credit ratings remain to be determined.

The Piscataway, N.J., manufacturer of bath and kitchen fixtures will use the proceeds to repay bank debt and for general corporate purposes.

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