American Bath to market $335 million eight-year senior notes backing Centerbridge LBO

By Paul A. Harris

Portland, Ore., Nov. 12 – CP Atlas Buyer, Inc., also known as American Bath Group, is expected to hold a roadshow Tuesday through Nov. 19 for a $335 million offering of eight-year senior notes, according to a market source.

The deal is expected to price late in the Nov. 16 week.

RBC Capital Markets Corp. is the left lead bookrunner.

Moody's Investors Service assigns its Caa2 unsecured bond rating to the prospective issuer. S&P Global Rating’s unsecured bond rating is CCC+.

Proceeds will be used to support the leveraged buyout of the Savannah, Tenn.-based designer and manufacturer of fiberglass reinforced plastic, sheet molded compound and acrylic bathtubs and showers by Centerbridge Partners.

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