Real Alloy/Signature markets $300 million five-year secured notes

By Paul A. Harris

Portland, Ore., Dec. 1 – Real Alloy Holding Inc. is holding a roadshow for a $300 million offering of five-year senior secured notes, according to a market source.

The Rule 144A and Regulation S deal is in the market via SGH Escrow Corp., a subsidiary of Signature Group Holdings, Inc., which is also the parent of Real Alloy.

The notes are expected to price late this week or early next week.

Goldman Sachs & Co. and Deutsche Bank Securities Inc. are the joint bookrunners.

The notes come with three years of call protection.

The Sherman Oaks, Calif.-based holding company plans to use the proceeds to fund its acquisition of the global recycling and specifications alloys business from Aleris Corp.

Signature Group invests primarily in the U.S. industrial and commercial marketplace.

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