Tomkins expected to bring bond deal in late September backing LBO by Onex, Canada Pension Plan

By Paul A. Harris

St. Louis, Aug. 23 - London-based Tomkins plc is expected to sell dollar-denominated high-yield bonds in late September as part of the $3.2 billion of debt financing backing the leveraged buyout of the company, according to a source familiar with the matter.

Bank of America, Citigroup, Barclays Capital, RBC Capital Markets and UBS Securities are leading the debt financing.

Onex Corp. and the Canada Pension Plan Investment Board are acquiring the company in a $4.37 billion LBO.

Tomkins manufactures automotive, building and industrial products.

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