Koppers $300 million offering of 10-year notes talked at 8¼% area, to price Friday morning

By Paul A. Harris

St. Louis, Nov. 18 - Koppers Inc. and Koppers Holdings Inc. set price talk for their $300 million offering of 10-year senior notes (B1/B) at the 8¼% area on Wednesday, according to an informed source.

The order books are closed, with the exception of West Coast accounts for which the books close at 8 p.m. ET on Thursday.

Pricing is set for Friday morning.

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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