AMF Bowling to start roadshow Tuesday for $150 million six-year notes

By Paul A. Harris

St. Louis, Feb. 5 - AMF Bowling Worldwide Inc. plans to start a roadshow Tuesday for a $150 million offering of six-year senior subordinated notes (B3/CCC+), according to an informed source.

The deal is expected to price on Feb. 19 or Feb. 20.

Merrill Lynch & Co. and Credit Suisse First Boston are joint bookrunners on the Rule 144A offering.

The notes will mature in 2010 and will come with three years of call protection.

Proceeds will be used to help support the leveraged buyout by an affiliate of Code Hennessy & Simmons LLC.

The company is a Richmond, Va.-based owner-operator of bowling centers and manufacturer of bowling equipment.

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