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Gibraltar Industries intends to sell $210 million eight-year notes
By Paul A. Harris
Portland, Ore., Jan. 15 - Gibraltar Industries, Inc. announced in a Tuesday press release that it plans to offer $210 million of eight-year senior subordinated notes via Rule 144A and Regulation S.
Proceeds will be used to repurchase all of the company's outstanding 8% senior subordinated notes due 2015 in a cash tender offer and consent solicitation, also announced on Tuesday, and to redeem any of those notes not tendered.
Gibraltar Industries is a Buffalo, N.Y.-based manufacturer and distributor of building products.
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