Dayton Superior to launch $150 million five-year senior secured notes

By Paul A. Harris

St. Louis, May 27 - The roadshow for Dayton Superior Corp.'s offering of $150 million senior second secured notes due 2008 is set to begin during the week of May 26, according to a syndicate source.

The deal is expected to price during the week of June 2, the source added.

Morgan Stanley and Deutsche Bank Securities Inc. are joint bookrunners for the Rule 144A offering.

The notes will be non-callable for three years.

Proceeds will be used to pay down the credit facility and for general corporate purposes.

The Dayton, Ohio-based company makes metal accessories and forms for concrete and masonry structures.

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