AOT to start roadshow Wednesday for $725 million eight-year notes

By Paul A. Harris

Portland, Ore., Sept. 11 - AOT Bedding Super Holdings LLC plans to start a roadshow on Wednesday for a $725 million offering of eight-year senior notes (/CCC+/), according to a market source.

The deal is expected to price on Sept. 19.

Goldman Sachs & Co., Morgan Stanley & Co. LLC, UBS Securities Inc., Deutsche Bank Securities Inc. and Barclays are the joint bookrunners.

Jefferies & Co. and RBC Capital Markets are the co-managers.

The notes come with three years of call protection.

Proceeds will be used to help fund the acquisition of the company by Advent International.

AOT is the parent company of Hoffman Estates, Ill.-based National Bedding Co. and Atlanta-based Simmons Bedding Co.

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