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Maax to bring $160 million of bonds via Goldman, Merrill to fund LBO
By Paul A. Harris and Sara Rosenberg
St. Louis, May 4 - Quebec bathroom and kitchen cabinet maker Maax Inc. is expected to offer $160 million of high-yield bonds, with a roadshow expected to start during May, sources familiar with the deal said.
Goldman Sachs & Co. and Merrill Lynch & Co. will be the underwriters.
Proceeds will be used to finance the leveraged buyout of the company by J.W. Childs Associates LP, Borealis Private Equity LP and Ontario Municipal Employees Retirement System.
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