Del Laboratories to launch $150 million seven-year notes via roadshow

By Paul A. Harris

St. Louis, Jan. 6 - Del Laboratories Inc. will launch its $150 million offering of seven-year senior subordinated notes in a roadshow Monday through Jan. 18, according to market sources.

Bear Stearns & Co. and JP Morgan are joint bookrunners for the notes, which will mature in 2012. Deutsche Bank Securities is the co-manager.

The notes will come with three years of call protection.

The company will also obtain a $260 million credit facility.

Proceeds will be used to fund Kelso & Co. and Church & Dwight Co. Inc.'s acquisition of Del Laboratories.

Del Laboratories is a Uniondale, N.Y.-based manufacturer and marketer of over-the-counter pharmaceuticals.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.