German auto parts supplier Duerr to start roadshow Tuesday for €200 million notes

By Paul A. Harris

St. Louis, June 17 - German automotive parts supplier Duerr AG will start a roadshow Tuesday in Europe for a €200 million offering of seven-year senior subordinated notes, according to a market source.

Deutsche Bank Securities will run the books for the Rule 144A/Regulation S offering.

The notes will come with four years of call protection.

The company is also obtaining a €400 million credit facility.

Proceeds will be used to repay bank debt.

The company is based in Stuttgart, Germany.

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