Hayes Lemmerz to start roadshow Tuesday for €115 million eight-year notes

By Paul A. Harris

St. Louis, May 14 - Hayes Lemmerz Finance Luxembourg SA will start a roadshow on Tuesday in London for its €115 million offering of eight-year senior unsecured notes (Caa2/CCC+), according to an informed source, who added that pricing is expected later in the week.

Deutsche Bank Securities, Citigroup and UBS Investment Bank are joint bookrunners for the Rule 144A and Regulation S offering.

The notes will come with four years of call protection.

Proceeds will be used to refinance bank debt.

The prospective issuer is a European subsidiary of Northville, Mich.-based Hayes Lemmerz International, Inc., a supplier of automotive wheels, brakes, powertrain, suspension, structural and other lightweight components.

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