K&F Industries to start roadshow Friday for $365 million 10-year notes

By Paul A. Harris

St. Louis, Oct. 27 - K&F Acquisition Inc. is scheduled to hold a roadshow Friday to Nov. 8 for a $365 million offering of 10-year senior subordinated notes, according to a syndicate source.

Lehman Brothers and Goldman Sachs will be joint bookrunners for the Rule 144A/Regulation S offering. Citigroup and JP Morgan are co-managers.

Proceeds will be used to fund the acquisition of K&F by Aurora Capital Group from Bernard Schwartz and Lehman Bros Merchant Banking for $1.06 billion in cash, which includes the tender for the company's $185 million 9¼% senior subordinated notes due 2007 and $250 million 9 5/8% senior subordinated notes due 2010.

The company is a New York City-based manufacturer of aircraft parts.

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