Armor Holdings to start roadshow Monday for $150 million 10-year notes via Wachovia

By Paul A. Harris

St. Louis, July 24 - Armor Holdings, Inc. starts the roadshow Monday for an offering of $150 million senior subordinated notes due 2013, according to an informed source.

The deal is expected to price in the middle of the August 4 week.

Wachovia Securities, Inc. is the bookrunner on the Rule 144A/Regulation S offering.

The notes will be non-callable for five years, and contain a three-year 35% equity clawback.

The Jacksonville, Fla.-based security products and services company will use proceeds to fund its acquisition of Simula, Inc., to repay debt and for general corporate purposes.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.