Building Materials to start roadshow Monday for $325 million eight-year notes

By Paul A. Harris

St. Louis, Feb. 23 - Building Materials Corp. of America will start a roadshow on Monday for its $325 million two-part offering of eight-year senior secured notes (Caa1/B), according to a market source.

The roadshow wraps up on Friday, with pricing expected later that same day.

The deal features tranches of fixed-rate notes, which will be non-callable for four years, and floating-rate notes, non-callable for two years.

Deutsche Bank Securities, Bear Stearns and JP Morgan are joint bookrunners for the Rule 144A for life notes.

The company is also putting in place $1.575 billion of bank debt.

Proceeds will be used to fund the acquisition of Elk Corp.

The prospective issuer is a Wayne, N.J., manufacturer of residential and commercial roofing products and specialty building products.

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