Almatis to start roadshow Monday for €150 million eight-year notes

By Paul A. Harris

St. Louis, June 30 - Almatis Holding BV plans to start a roadshow Monday for a €150 million offering of eight-year senior notes, according to market sources.

The deal will possibly price late in the July 5 week.

JP Morgan and ING are joint bookrunners for the Rule 144A/Regulation S offering, which has no registration rights. Scotia Capital is the co-manager.

The notes come with three years of call protection.

Proceeds will be used to repay bank debt and mezzanine debt as well as a shareholder loan and preferred stock.

The Frankfurt, Germany-based company is an alumina-based specialty materials and chemicals producer.

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