RathGibson buyer plans tender for 11¼% notes due 2014

By Jennifer Chiou

New York, April 30 - RathGibson, Inc. said that affiliates of DLJ Merchant Banking Partners expect to launch a tender offer for the company's 11¼% senior notes due 2014 due to DLJ's purchase of RathGibson parent RGCH Holdings Corp.

The notes will be purchased at 101%.

The acquisition is valued at about $440 million and is expected to close by June 30. It is also a condition of the tender offer.

RathGibson is a Janesville, Wis., supplier of tubing and piping for the oil and gas, power generation, food and dairy, biotechnology and chemical processing industries.

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