RTL-Westcan marketing C$130 million second-lien seven-year notes

By Stephanie N. Rotondo

Portland, Ore., March 29 - RTL-Westcan Group of Cos. is "in the market as we speak" with a C$130 million second-lien note offering, according to a high yield market source.

The notes mature in 2017 and are non-callable until 2013.

The source was not sure when the deal would price, but noted that the offering launched last week. The company is currently on a roadshow in Canada.

Scotia Capital Inc. is the bookrunner.

RTL-Westcan is an Edmonton, Alta.-based trucking and transportation company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.