Building Materials Corp. starts roadshow for $150 million 10-year secured notes on Wednesday

By Paul Deckelman

New York, July 12 - Building Materials Corp. of America will start a roadshow for a $150 million offering of 10-year secured notes on Wednesday, according to high yield syndicate sources.

The roadshow starts in New York and then moves on to Boston on Thursday, the West Coast next Monday and the Midwest on Tuesday, with stops in Chicago, Minneapolis and Houston.

Pricing is expected to take place next Wednesday via joint bookrunners Citigroup and Deutsche Bank Securities. JP Morgan will be a co-manager on the deal.

The deal will be a Rule 144A/Regulation S offering, with registration rights. The notes will be non-callable for the first five years after issue.

Building Materials Corp., a Wayne, N.J.-based manufacturer of asphalt roofing products and accessories, plans to use the proceeds from the bond deal to call its outstanding 8 5/8% senior notes due 2006, repay current credit facility borrowings and, a source said, general corporate purposes.

© 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.