Metals USA starts roadshow for $150 million PIK floaters due 2012

By Paul A. Harris

St. Louis, Dec. 13 - Metals USA Holdings Corp. began a roadshow on Wednesday for a $150 million offering of five-year senior unsecured floating-rate PIK notes (Caa1/CCC+), according to an informed source.

The deal is expected to price next week.

Goldman Sachs & Co. and Credit Suisse are joint bookrunners for the notes, which are being marketed via Rule 144A with registration rights.

Proceeds will be used to fund a dividend to equity holders.

The prospective issuer is a Houston metals production and fabrication company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.