Rockwood Specialties' $625 million notes roadshow on hold until Oct. 25, red herrings delayed

By Paul A. Harris

St. Louis, Oct. 18 - Rockwood Specialties Group Inc.'s roadshow for its $625 million equivalent of 10-year senior subordinated notes (B3/B-) was delayed one week, according to market sources.

The roadshow for the two-part dollar/euro deal is now set to start Oct. 25 in London and will move to the United States on Nov. 1.

Credit Suisse First Boston, Goldman Sachs & Co. and UBS Investment Bank will be joint bookrunners for the Rule 144A/Regulation S deal, which has registration rights.

The notes will be non-callable for five years.

Proceeds will be used to repay a bridge loan incurred to fund a portion of the acquisition of four business units (Sachtleben, Chemetall, CeramTec and DNES Custom Synthesis) of Dynamit Nobel from mg technologies AG (sponsors Kohlberg, Kravis, Roberts & Co., CSFB Private Equity).

Rockwood Specialties is a Princeton, N.J., chemical manufacturer.

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