Allied Specialty Vehicles plans to sell $200 million seven-year secured notes Oct. 14 week

By Paul A. Harris

Portland, Ore., Oct. 7 - Allied Specialty Vehicles Inc. plans to sell $200 million of seven-year senior secured notes during the Oct. 14 week, at the conclusion of an investor roadshow, according to a market source.

Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC and Goldman Sachs & Co. are the joint bookrunners for the Rule 144A for life and Regulation S offering.

The notes come with three years of call protection.

Proceeds will be used to pay down debt and fund an acquisition.

The prospective issuer is a manufacturer of specialty vehicles in the recreational vehicle, fire, ambulance, bus, terminal truck and industrial sweeper markets.

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