Horizon Lines to start roadshow Tuesday for $250 million eight-year notes

By Paul A. Harris

St. Louis, June 18 - Horizon Lines Holding Corp. will hold a roadshow Tuesday through June 30 for an offering of $250 million of eight-year senior notes (B3), according to a syndicate source.

Goldman Sachs & Co. and UBS Investment Bank are joint bookrunners for the Rule 144A offering. ABN Amro is the co-manager.

The notes will come with four years of call protection.

The company will also obtain a $275 million credit facility.

Proceeds will be used to help fund Castle Harlan Inc.'s acquisition of Horizon Lines from the Carlyle Group for $650 million.

The prospective issuer is a Charlotte, N.C., container shipping company.

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