Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Elyria Foundry Co. LLC > News item |
Elyria Foundry to start roadshow Monday for $100 million five-year notes via Jefferies
By Paul A. Harris
St. Louis, Feb. 1 - Elyria Foundry Co. LLC and EH Acquisition, Inc. will start a roadshow on Monday for a $100 million offering of five-year senior secured notes (B3/B), according to an informed source.
The roadshow is expected to run into the week of Feb. 18.
Jefferies & Co. is the bookrunner for the Rule 144A and Regulation S offering.
The notes will come with three years of call protection, a three-year 35% equity clawback and a change-of-control put at 101.
Proceeds will be used to finance the acquisition of Hodge Foundry, Inc., a Greenville, Pa., firm founded in 1876 that has established itself as a leading producer of large, highly engineered gray and ductile iron castings, primarily for power generation and mining and minerals processing.
The issuing entities will be merged with and into Hodge.
Elyria Foundry is an Elyria, Ohio-based producer of complex, highly engineered gray and ductile iron castings of up to 50,000 pounds for critical applications in vital, domestic-sourced industries. The company also provides value-added services such as concurrent engineering, stocking, heat treating and painting.
© 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.