New Issue: Associated Materials prices $730 million seven-year notes at par to yield 9 1/8%

By Paul A. Harris

St. Louis, Oct. 1 - Associated Materials, LLC moved up timing on its $730 million issue of seven-year senior secured notes (B3/B/) and priced the deal at par to yield 9 1/8% on Friday, according to an informed source.

No price talk circulated, according to a market source.

The deal had previously been expected to price early in the Oct. 4 week.

Deutsche Bank Securities Inc., UBS Investment Bank and Barclays Capital Inc. were the joint bookrunners.

The Cuyahoga Falls, Ohio-based building products company plans to use the proceeds to finance the acquisition of its parent company by affiliates of Hellman & Friedman.

Issuer:	Associated Materials, LLC
Amount:	$730 million
Maturity:	Nov. 1, 2017
Securities:	Senior secured notes
Bookrunners:	Deutsche Bank Securities Inc., UBS Investment Bank, Barclays Capital Inc.
Coupon:	9 1/8%
Price:	Par
Yield:	9 1/8%
Spread:	723 bps
Call features:	Callable on Nov. 1, 2013 at 106.844, 104.563, 102.281, par on and after Nov. 1, 2016
Special call:	Up to 10% of the issue is callable annually at 103 during the first three years
Equity clawback:	35% at 109.125 until Nov. 1, 2013
Trade date:	Oct. 1
Settlement date:	Oct. 13
Ratings:	Moody's: B3
	Standard & Poor's: B
Distribution:	Rule 144A with registration rights
Marketing:	Roadshow (timing moved up)

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