Leslie's Poolmart to start roadshow Monday for $170 million eight-year notes

By Paul A. Harris

St. Louis, Jan. 7 - Leslie's Poolmart Inc. will begin a roadshow Monday for its $170 million offering of eight-year senior notes, according to a syndicate source.

An investor conference call is scheduled to take place at 12:30 p.m. ET on Thursday.

Pricing of the notes is expected early in the week of Jan. 17.

The notes will be non-callable for four years.

Banc of America Securities LLC and Lehman Brothers are joint bookrunners for the Rule 144A offering. UBS Investment Bank is the co-manager.

Proceeds will be used to fund the recapitalization of the company by sponsors Leonard Green Partners and the California Public Employees' Retirement System, including the tender for the 10 3/8% senior notes due 2008.

The company is a Phoenix-based specialty retailer of swimming pool supplies and related products through 470 retail stores in 36 states.

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