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Published on 11/13/2009 in the Prospect News High Yield Daily.

Koppers to start roadshow Monday for $300 million 10-year notes

By Paul A. Harris

St. Louis, Nov. 13 - Koppers Inc. and Koppers Holdings Inc. will start a roadshow on Monday for a $300 million offering of 10-year senior notes, according to market sources.

The roadshow wraps up on Thursday.

Goldman Sachs & Co., Bank of America Merrill Lynch, RBS Securities Inc. and UBS Investment Bank are joint bookrunners for the Rule 144A and Regulation S offering.

The notes come with five years of call protection.

Proceeds will be used to repay debt and for general corporate purposes.

Koppers is a Pittsburgh-based producer of carbon compounds and treated wood products for use in the aluminum, chemical, railroad, utility and steel industries.


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