Kissner Milling plans to price $200 million five-year secured notes May 12 week

By Paul A. Harris

Portland, Ore., May 12 - Kissner Milling Co. Ltd. plans to price a $200 million offering of five-year senior secured notes at the end of the May 12 week, according to a syndicate source.

Jefferies LLC is the left bookrunner for the Rule 144A and Regulation S for life offering. Credit Suisse Securities (USA) LLC is the joint bookrunner. BMO Securities and Scotia Capital are the co-managers.

The notes become callable after two years at par plus 75% of the coupon.

Proceeds will be used to refinance debt and to fund a distribution.

The prospective issuer is a Cambridge, Ont.-based producer of rock salt and salt products primarily for de-icing.

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