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Actuant to start roadshow Monday for $250 million 10-year notes
By Paul A. Harris
St. Louis, June 1 - Actuant Corp. will begin a brief roadshow on Monday in New York for its $250 million offering of 10-year senior notes, according to an informed source.
The roadshow moves to Boston on Tuesday.
An investor call is scheduled for 12:30 p.m. ET on Monday.
The Rule 144A with registration rights offering is expected to price on Wednesday.
Banc of America Securities LLC has the books. Wachovia Securities is the joint lead manager. BMO Nesbitt Burns and RBC Capital Markets are co-managers.
The notes will come with five years of call protection.
Credit ratings remain to be determined.
The Glendale, Wis., industrial equipment manufacturer will use the proceeds to repay bank debt.
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