Reichold Industries to start roadshow Tuesday for $195 million eight-year notes

By Paul A. Harris

St. Louis, July 28 - Reichold Industries will begin a roadshow on Tuesday for its $195 million offering of eight-year senior notes, according to an informed source.

Pricing is expected mid-week during the week of Aug. 7.

Banc of America Securities LLC and Wachovia Securities are the underwriters for the Rule 144A notes, which will come with four years of call protection.

Proceeds will be used to repay existing debt and to pay a $20 million dividend to shareholders.

Reichold is a Durham, N.C.-based supplier of unsaturated polyester resins for composite applications and a leading supplier of resins and other polymers for coatings applications.

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