Accuride to launch $225 million 10-year notes via roadshow

By Paul A. Harris

St. Louis, Jan. 13 - Accuride Corp. will launch its $225 million of 10-year senior subordinated notes (Caa1/CCC+) in a roadshow set to run Jan. 19 to Jan. 25, according to a syndicate source.

Lehman Brothers, Citigroup and UBS Investment Bank will be joint bookrunners for the offering of notes, which will mature in 2015.

The company will also obtain a new $740 million credit facility.

Proceeds will be used to refinance debt in conjunction with the acquisition of Transportation Technologies Industries.

Accuride is an Evansville, Ind.-based manufacturer and supplier of wheels for heavy and medium trucks and trailers.

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