Milacron plans roadshow start on Tuesday for $465 million notes

By Paul A. Harris

Portland, Ore., March 18 - Milacron LLC and MCRON Finance Corp. plan to start a roadshow on Tuesday for their $465 million offering of eight-year senior notes (Caa1/B-), according to a syndicate source.

An investor conference call is scheduled for 12:15 p.m. ET on Tuesday.

The deal is set to price late in the present week.

BofA Merrill Lynch, J.P. Morgan Securities LLC, Barclays, Credit Suisse Securities (USA) LLC and RBC Capital Markets are the joint bookrunners.

KeyBanc Capital Markets and SG CIB are the co-managers.

The Rule 144A for life notes come with three years of call protection and feature a 101% poison put.

Proceeds, together with cash on hand, borrowings under the company's term loan and certain equity investments, will be used to fund the Mold-Masters acquisition, to repay existing third-party debt of Mold-Masters and for general corporate purposes.

Milacron is a Cincinnati-based plastics processing solutions provider.

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