Husky marketing $450 million five-year PIK toggle notes

By Paul A. Harris

Portland, Ore., Feb. 3 – Husky Injection Molding Systems Ltd. is shopping a $450 million offering of Husky III Holding Ltd. five-year senior PIK toggle notes (Caa2) on a roadshow set to run through Thursday, according to a syndicate source.

An investor call is scheduled to get underway at 12:30 p.m. ET on Tuesday.

BofA Securities Inc. is the left bookrunner. Deutsche Bank Securities Inc., Goldman Sachs & Co., Barclays, BMO Securities, NBOC and TD Securities are the joint bookrunners.

The Rule 144A and Regulation S for life notes become callable after one year at 102.

The Bolton, Ont.-based supplier of machinery for injection molding of plastics plans to use the proceeds to return capital to shareholders and pay certain fees.

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