Associated Materials to start roadshow Tuesday for $200 million notes

By Paul A. Harris

St. Louis, Oct. 26 - Associated Materials, LLC will begin a three-day roadshow on Tuesday for its $200 million offering of seven-year senior secured second-lien notes, according to an informed source.

The roadshow is scheduled to conclude on Thursday, with the notes expected to price the same day.

J.P. Morgan Securities Inc., UBS Investment Bank and Wells Fargo Securities are joint bookrunners for the Rule 144A and Regulation S with registration rights offering.

The notes feature a springing maturity to Dec. 1, 2013 in the event the holding company notes are not extended past the maturity of the secured notes.

The new secured notes come with four years of call protection.

Credit ratings remain to be determined.

Proceeds will be used to redeem the company's senior subordinated notes (B3/CCC).

The prospective issuer is a Dallas-based company that manufactures and distributes exterior building products, including vinyl siding.

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