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RPM International plans $250 million senior notes offering
By Cristal Cody
Tupelo, Miss., May 26 – RPM International Inc. plans to price $250 million of senior notes (Baa3), according to a market source and a preliminary prospectus supplement filing on Tuesday with the Securities and Exchange Commission.
BofA Merrill Lynch and Santander Investment Securities Inc. are the bookrunners.
Proceeds from the deal will be used to reduce debt on the company’s bank revolver and for other general corporate purposes.
RPM International is a Medina, Ohio-based company that manufactures and markets specialty chemical products for industrial and consumer markets.
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