Massey Energy starts roadshow Tuesday for $360 million seven-year notes

By Paul A. Harris

St. Louis, Oct. 24 - The roadshow starts Tuesday for Massey Energy Co.'s offering of $360 million of unsecured senior notes due 2010, according to a syndicate source.

The deal is expected to price on Nov. 6.

UBS Investment Bank is the bookrunner for the Rule 144A/Regulation S deal. Citigroup and PNC are co-managers.

The notes will be non-callable for four years.

Massey Energy will use proceeds to permanently repay debt under its senior secured term loan, to retire its revolver and for general corporate purposes.

The prospective issuer is a Richmond, Va. coal company.

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