A. M. Castle starts roadshow for $225 million five-year senior secured notes via Jefferies

By Paul A. Harris

Portland, Ore., Dec. 1 - A. M. Castle & Co. began a roadshow on Thursday for its $225 million offering of five-year senior secured notes, according to an informed source.

The roadshow wraps up on Dec. 12.

Jefferies & Co., Inc. has the books for the Rule 144A with registration rights offering.

The notes come with three years of call protection.

Credit ratings in the single B range are expected.

Proceeds will be used to help finance the acquisition of Tube Supply, Inc. and refinance existing debt.

Additional financing comes by way of a $50 million offering of convertible senior notes due 2017 and a $100 million asset based revolver.

Oak Brook, Ill.-based A. M. Castle is a global distributor and processor of specialty metals and industrial plastic products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.