Koppers starts roadshow for $400 million five-year notes

By Paul A. Harris

Portland, Ore., Jan. 14 – Koppers Inc., a wholly owned subsidiary of Koppers Holdings Inc., began a roadshow on Wednesday for a $400 million offering of five-year senior notes, according to a market source.

An investor call is scheduled to take place on Thursday.

The roadshow wraps up on Jan. 21.

Deutsche Bank Securities Inc., Barclays, BofA Merrill Lynch, Fifth Third Securities, PNC Capital Markets, RBS Securities Inc. and Wells Fargo Securities LLC are joint bookrunners for the Rule 144A and Regulation S offering.

MUFG, BMO Securities and Huntington are the co-managers.

The notes come with two years of call protection.

Proceeds will be used to repurchase Koppers Inc.’s $300 million of senior notes due 2019, with any excess proceeds to be used to repay bank debt and for general corporate purposes.

The prospective issuer is a Pittsburgh-based integrated producer of carbon compounds, chemicals, and treated wood products and services for the aluminum, railroad, specialty chemical, utility, rubber, concrete, steel, residential lumber, and agriculture industries.

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