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Appvion starts roadshow for $250 million 6.5-year secured notes
By Paul A. Harris
Portland, Ore., Nov. 12 - Appvion, Inc. began a roadshow on Tuesday in New York for a $250 million offering of 6.5-year second-lien senior secured notes, according to a syndicate source.
The roadshow moves to Boston on Wednesday and then is scheduled to wrap up later on Wednesday, with pricing expected thereafter.
Barclays is the lead left bookrunner. Jefferies LLC is the joint bookrunner. Fifth Third is the co-manager.
The Rule 144A for life notes become callable after three years. The notes feature a 101% poison put.
The Appleton, Wis.-based producer of paper products, formerly Appleton Papers, Inc., plans to use the proceeds to refinance debt.
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