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Eurofresh to start roadshow Wednesday for $195 million two-part bond offering
By Paul A. Harris
St. Louis, Dec. 5 - Eurofresh Inc. will start a roadshow Wednesday for its $195 million two-part bond offering, according to an informed source.
Banc of America Securities LLC has the books for the Rule 144A notes.
The roadshow concludes on Dec. 15, with pricing expected thereafter.
The company is in the market with a $170 million offering of five year senior notes, with four years of call protection, and a $25 million offering of nine-year senior subordinated discount notes that come with four years of call protection and will pay in kind for four years.
Proceeds, along with proceeds from new credit facility and the sale of stock, will be used to fund the recapitalization of the company.
Eurofresh is an Arizona-based greenhouse tomato producer.
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