Thermadyne intends to sell $250 million seven-year secured notes

By Paul A. Harris

St. Louis, Nov. 10 - Thermadyne Holdings Corp. will begin a roadshow on Thursday for a $250 million offering of seven-year senior secured notes (expected ratings B3/B-), according to an informed source.

The roadshow wraps up on Nov. 17.

Jefferies & Co. and RBC Capital Markets are joint bookrunners for the Rule 144A with registration rights offering.

The notes are callable in year three at par plus 75% of the coupon.

Proceeds will be used to partially fund the leveraged buyout of the company by Irving Place Capital.

Thermadyne is a St. Louis-based welding and cutting products manufacturer.

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