Alltrista starts roadshow Monday for $150 million 10-year notes

By Paul A. Harris

St. Louis, Mo., March 28 - Alltrista, Inc. will begin a 10-day roadshow Monday to market an offering of $150 million of senior subordinated notes due 2012, according to a syndicate source.

Banc of America Securities and CIBC World Markets are joint bookrunners. NatCity Investments is a co-manager.

The Rule 144A notes are non-callable for five years and contain a three-year equity clawback for 35%

Proceeds will be used to fund the acquisition of Tilia International, a manufacturer of home vacuum packaging systems, and to repay bank debt.

Rye, N.Y.-based Alltrista, Inc. manufactures and markets canning and storage products.

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