Roofing Supply Group to begin road show Tuesday for seven-year notes

By Paul Deckelman

New York, Oct. 29 - Roofing Supply Group LLC and Roofing Supply Finance Inc. will begin a road show on Tuesday to market a $225 million offering of seven-year senior secured notes to potential investors, high yield syndicate sources said on Friday.

That deal is expected to come to market early in the following Nov. 8 week, the sources said.

Deutsche Bank Securities, Inc. is the left bookrunner on the deal. On board as joint books are Goldman Sachs & Co. and Jefferies & Co. Inc.

The bonds will be sold under Rule 144A for life, and will carry three years of call protection. However, the company will have the option of redeeming up to 10% of the issue per year over those first three years, at a price of 103.

The issuers are units of Roofing Supply Group, a Dallas-based wholesale distributor of roofing supplies to contractors and homebuilders.

The company plans to use the proceeds from the deal to repay existing debt.

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