Hayes Lemmerz plans $150 million equivalent notes via European unit

By Paul A. Harris

St. Louis, April 27 - Hayes Lemmerz International, Inc. announced in a Friday press release that it intends to offer $150 million equivalent of senior unsecured notes.

The company will issue the notes via a European subsidiary.

The Rule 144A and Regulation S transaction may include euro-denominated bonds.

The Northville, Mich., supplier of automotive components also is in the market with a $495 million credit facility that is being led by Citigroup and Deutsche Bank.

Proceeds from the bonds and the credit facility will be used to refinance bank debt.

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