Mecachrome to start Europe-only roadshow Wednesday for €175 million eight-year notes

By Paul A. Harris

St. Louis, April 27 - Mecachrome International Inc. will begin a Europe-only roadshow on Wednesday for its €175 million offering of eight-year senior subordinated notes (Caa1), according to a market source.

Merrill Lynch & Co. has the books for the Rule 144A and Regulation S offering. RBC Capital Markets is the joint lead manager.

The notes will come with four years of call protection.

The company is also obtaining a €145 million credit facility.

Proceeds will be used to repay debt.

Mecachrome is a Montreal, Quebec-based designer, manufacturer and assembler of precision-engineered industrial components for the automotive and aerospace industries in Europe and North America.

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