KION to start roadshow Monday for €400 million two-part note offering

By Paul A. Harris

Portland, Ore., April 1 - The KION Group GmbH will begin a roadshow on Monday in Germany for a €400 million two-part offering of seven-year senior secured notes, according to an informed source.

The roadshow moves to London on Tuesday and Wednesday and to Paris on Thursday.

The notes will be sold in fixed-rate and floating-rate tranches.

Deutsche Bank, Goldman Sachs International, BNP Paribas, Commerzbank, KKR Capital Markets and UniCredit are the joint bookrunners for the Rule 144A and Regulation S for life offering.

Deutsche Bank will bill and deliver.

The fixed-rate notes come with three years of call protection. The floating-rate notes come with one year of call protection.

Credit ratings remain to be determined.

The notes are being issued via KION Finance SA, a financing unit of the Wiesbaden, Germany-based supplier of industrial trucks.

The company plans to use the proceeds to refinance debt.

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