Amsted Industries to price $250 million 10-year notes Thursday

By Paul A. Harris

Portland, Ore., Sept. 4 – Amsted Industries Inc. plans to price a $250 million offering of 10-year senior notes (expected ratings Ba3/BB) Thursday afternoon following an investor conference call that was set to get underway at 11:30 a.m. ET, according to a syndicate source.

Wells Fargo Securities LLC is the left bookrunner for the Rule 144A and Regulation S for life notes. BofA Merrill Lynch and Morgan Stanley & Co. LLC are the joint bookrunners.

Fifth Third, PNC Capital Markets and U.S. Bancorp Investments Inc. are the co-managers.

The notes come with five years of call protection.

Proceeds will be used for general corporate purposes.

Amsted is a Chicago-based manufacturer of products for the railroad, construction and building industries.

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