New Issue: Rockwood Specialties upsizes to $1.25 billion, prices eight-year notes at par to yield 4 5/8%

By Paul A. Harris

Portland, Ore., Sept. 20 - Rockwood Specialties Group, Inc. priced a massively upsized $1.25 billion issue of eight-year senior notes (Ba2/BB) at par to yield 4 5/8% on Thursday, according to market sources.

The yield printed at the tight end of price talk that had been set in the 4¾% area. The amount was increased from $750 million.

Deutsche Bank Securities Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and UBS Investment Bank were joint bookrunners.

The Princeton, N.J.-based specialty chemicals and advanced materials company plans to use the proceeds for general corporate purposes.

Issuer:	Rockwood Specialties Group, Inc.
Amount:	$1.25 billion, increased from $750 million
Maturity:	Oct. 15, 2020
Securities:	Senior notes
Bookrunners:	Deutsche Bank Securities Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, UBS Investment Bank
Co-managers:	KKR Capital Markets, Lazard Capital Markets
Coupon:	4 5/8%
Price:	Par
Yield:	4 5/8%
Spread:	325 bps
Call features:	Callable on Oct. 15, 2015 at 103.469, 102.313, 101.156, par on and after Oct. 15, 2018
Trade date:	Sept. 21
Settlement date:	Sept. 25
Ratings:	Moody's: Ba2
	Standard & Poor's: BB
Distribution:	SEC registered
Price talk:	4¾% area
Marketing:	Brief roadshow

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