K2 to start roadshow Thursday for $150 million 10-year notes

By Paul A. Harris

St. Louis, June 16 - K2 Inc. will start a roadshow Thursday for a $150 million offering of 10-year senior notes, according to an informed source.

JP Morgan will run the books for the Rule 144A offering. Banc of America Securities will be the co-manager.

The notes will feature a make-whole call at Treasuries plus 50 basis points for the first five years and then will become callable at a premium.

The company is also making a $75 million equity offering.

Proceeds will be used to fund the acquisition of Volk Sports, Marker Group and Marmot Mountain Ltd. and to repay debt.

The company is a Carlsbad, Calif.-based sporting goods manufacturer and marketer.

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