Associated Materials tenders for $830 million 9 1/8% notes due 2017

By Wendy Van Sickle

Columbus, Ohio, Nov. 3 – Associated Materials, LLC began a cash tender offer for any and all of its outstanding $830 million 9 1/8% senior secured notes due 2017, according to a press release.

The issuer will pay a $1,000 total consideration for each $1,000 principal amount of notes tendered by the early deadline of 5 p.m. ET on Nov. 18.

The total consideration includes a $30 early participation payment. Holders who tender after the early deadline will receive $970 per $1,000 of notes.

The issuer will also pay accrued interest to the settlement date.

The offer expires at 11:59 p.m. ET on Dec. 2.

Tenders may be withdrawn up to the early deadline.

The offer is conditioned on completion of the sale of $675 million of new notes due 2024 and receipt of sufficient proceeds to pay the redemption price, interest and associated costs.

Goldman Sachs & Co. (800 828-3182 or at 212 357-1452) is the lead dealer manager. Ducera Securities LLC is also a dealer manager.

Global Bondholder Services Corp. (212 430-3774 or 866 470-3700) is the information and depository agent.

Associated Materials manufactures and distributes exterior residential building products and is based in Cuyahoga Falls, Ohio.

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