Altra Industrial Motion starts roadshow for $165 million seven-year fixed- and floating-rate notes via Jefferies

By Paul A. Harris

St. Louis, Nov. 10 - Altra Industrial Motion began a roadshow Wednesday for a $165 million offering of seven-year senior secured notes in fixed- and floating-rate tranches, according to an informed source.

Tranche sizes remain to be determined.

The combined offering is expected to price on Nov. 19.

Jefferies & Co. is the bookrunner for the Rule 144A offering.

The fixed-rate notes will come with four years of call protection. The floating-rate notes, meanwhile, will be non-callable for one year.

Proceeds will be used to fund the acquisition of Colfax & Kilian.

The Quincy, Mass.-based company designs, produces and markets power transmissions for heavy equipment.

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