Riverwood set to begin roadshow for $850 million notes in two tranches

By Paul A. Harris

St. Louis, July 22 - Riverwood International Inc. , is set to get underway with the roadshow for an offering of $850 million of notes in two tranches, according to a syndicate source.

The deal is expected to price late in the week of July 28, the source added.

The company will sell one tranche of senior notes due 2011, non-callable for four years (B2/B-) and one tranche of senior subordinated notes due 2013, non-callable for five years (B3/B-).

Goldman Sachs & Co., Deutsche Bank Securities Inc., JP Morgan, Morgan Stanley, Credit Suisse First Boston and Citigroup are joint bookrunners on the Rule 144A deal.

Proceeds will be used to repay Riverwood and Graphic Packaging debt and to take out the preferred stock of Graphic Packaging.

Riverwood is headquartered in Marietta, Ga.

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