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Park River sets talk on $340 million eight-year notes at high 6% area; pricing Wednesday
By Paul A. Harris
Portland, Ore., May 25 – Park River Holdings Inc. plans to sell $340 million of eight-year senior notes (Caa1/CCC/CCC+), according to market sources.
Initial guidance is in the high 6% area.
The deal is expected to price on Wednesday.
Deutsche Bank Securities Inc. has the books.
The Rule 144A and Regulation S notes come with three years of call protection.
Proceeds will be used to support the acquisition of NWI Enterprises, a Tampa, Fla.-based lawn and garden building supplies company.
Irving, Tex.-based Park River Holdings was created in December 2020 when PrimeSource Building Products, Inc. was acquired by Clearlake Capital Partners, LP and merged with TKE Holdings, Inc. (Dimora Brands).
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