Associated Materials $165 million 10-year notes talked at 10%-10¼%, pricing Thursday

By Paul A. Harris

St. Louis, Mo., April 16 - Associated Materials, Inc.'s upcoming offering of $165 million of 10-year senior subordinated notes is talked at 10%-10¼%, according to a syndicate source, who added that the deal is expected to price late Thursday.

Credit Suisse First Boston and UBS Warburg are joint bookrunners. CIBC World Markets is co-manager.

The Rule 144A notes are non-callable for five years.

Proceeds will be used to partially fund the buyout of the company by Harvest/AMI Holding, Inc.

The company is a Dallas, Tex.-based manufacturer and distributor of exterior building products including vinyl siding.

© 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.