Milacron sets Tuesday investor call for $265 million seven-year notes

By Paul A. Harris

Portland, Ore., April 16 - Milacron LLC plans to host an investor call at 12:30 p.m. ET on Tuesday for a $265 million offering off seven-year senior secured notes (expected ratings B1/B+), according to a syndicate source.

The notes will be featured on a roadshow set to run through Friday and will be priced thereafter.

Bank of America Merrill Lynch, RBC Capital Markets and Barclays Capital Inc. are the joint bookrunners. KeyBanc Capital Markets is the co-manager.

The Rule 144A and Regulation S for life notes become callable after three years at par plus 75% of the coupon. They feature a 101% poison put.

Proceeds will be used to finance the acquisition of the company by CCMP Capital.

The issuing entities will be Mcron Finance Sub LLC and Mcron Finance Corp., with Mcron Finance Sub to be ultimately merged with and into Milacron, a Cincinnati-based manufacturer and supplier of plastics-processing technologies and metalworking fluids.

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