Radnor Holdings starts roadshow for $135 million seven-year notes

By Paul A. Harris

St. Louis, Feb. 24 - Radnor Holdings Corp. began a roadshow Monday for $135 million of senior notes due 2010 (B2/B-), according to syndicate sources. The deal is expected to price March 3 or 4.

Deutsche Bank Securities Inc. is the bookrunner. Fleet Securities, PNC and UBS Warburg are co-managers.

Proceeds from the Rule 144A deal along with a new $45 million term loan and an increase in its current revolver to $45 million from $35 million will be used to repay $160 million of 10% senior notes due December 2003.

The issuer is a Radnor, Pa.-manufacturer and distributor of foam packaging and specialty chemical products for the foodservice, insulation and protective packaging industries.

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