Koppers starts roadshow for $300 million 10-year notes

By Paul A. Harris

St. Louis, Sept. 19 - Koppers Inc. started the roadshow Friday for a $300 million offering of senior secured notes due 2013 (B).

The deal is expected to price early in the week of Sept. 29.

Credit Suisse First Boston will be the bookrunner for the Rule 144A offering, according to a source close to the deal.

Koppers will use proceeds to redeem its 9 7/8% senior subordinated notes due 2007, repay a part of its credit facility and pay a dividend to shareholders.

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

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