Wheel Pros to start roadshow Monday for $365 million eight-year notes

By Paul A. Harris

Portland, Ore., April 16 – Wheel Pros Inc. plans to start a roadshow on Monday for a $365 million offering of eight-year senior notes (Caa2/CCC), according to market sources.

The roadshow runs through Thursday.

Deutsche Bank Securities Inc., Jefferies LLC, Credit Suisse Securities (USA) LLC, KKR Capital Markets LLC, UBS Securities LLC and Wells Fargo Securities LLC are managing the sale.

The notes come with three years of call protection.

Proceeds will be used to fund the acquisition of the company by Fund Icon Partners III, a single asset investment vehicle managed by Clearlake Capital Group as general partner, from Clearlake managed funds and to refinance existing debt.

Closing is expected in the second quarter.

Wheel Pros is a Denver-based distributor of proprietary branded wheels and performance tires.

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