Metals USA to price $275 million two-part note offering Nov. 21 week

By Paul A. Harris

St. Louis, Nov. 9 - Metals USA Inc. is in the market with a $275 million offering of senior secured notes (B3/B-) in two tranches, which it plans to price during the week of Nov. 21, according to market sources.

Credit Suisse First Boston and CIBC World Markets are joint bookrunners for the Rule 144A with registration rights offerings.

The Houston-based manufacturer and processor of metal components plans to sell seven-year floating-rate notes, which will come with two years of call protection, and 10-year fixed-rate notes, which will come with five years of call protection.

Proceeds will be used to fund the leveraged buyout of the company by Apollo Management.

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