Keystone Automotive postpones $75 million discount notes offering

By Paul A. Harris

St. Louis, Jan. 29 - Keystone Automotive Holdings Inc. postponed its offering of $75 million proceeds of seven-year senior discount notes on Thursday, market sources said.

The company, which according to sources did not cite a reason for the postponement, did not return a telephone call from Prospect News on Thursday.

Banc of America Securities had been the designated bookrunner for the Rule 144A offering.

The Exeter, Pa.-based distributor of aftermarket automotive parts and accessories intended to use the proceeds to fund a dividend to equity holders.

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