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Published on 4/30/2004 in the Prospect News High Yield Daily.

Gundle/SLT Environmental to start roadshow Tuesday for $150 million eight-year notes

By Paul A. Harris

St. Louis, April 30 - Gundle/SLT Environmental Inc. will start a roadshow Tuesday for a $150 million offering of eight-year senior notes (B-), according to an informed source.

The deal is expected to price late in the week of May 10.

UBS Investment Bank will run the books for the Rule 144A offering. Jefferies & Co. will be co-manager.

The notes will come with four years of call protection.

Proceeds will be used to back the acquisition of Gundle/SLT Environmental Inc. by Code Hennessy & Simmons LLC.

The issuer is a Houston manufacturer and marketer of geosynthetic lining solutions, products and services.


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