Dynacast talks $375 million eight-year notes with 9¼%-9½% yield

By Paul A. Harris

Portland, Ore., July 11 - Dynacast International LLC and financing unit Dynacast Funding Inc. talked their $375 million offering of eight-year senior secured second-lien notes (B2/B) with a 9¼% to 9½% yield on Monday, according to a market source.

The Rule 144A and Regulation S with registration rights deal is expected to price on Tuesday.

J.P. Morgan Securities LLC and Macquarie Capital are the joint bookrunners.

The notes come with four years of call protection.

The Charlotte, N.C.-based manufacturer of die castings plans to use the proceeds to help fund the acquisition of the company by KDI Holdings Inc.

© 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.