Millar Western plans roadshow for $200 million senior notes due 2021

By Cristal Cody

Prospect News, March 25 - Millar Western Forest Products Ltd. plans to hold a roadshow for a US$200 million offering of senior notes due 2021 on Monday, according to an informed source.

The notes (B3/B-) will be sold under Rule 144A and Regulation S.

Goldman Sachs & Co. is the bookrunner. Co-managers are HSBC Capital (Canada) Inc. and KKR Capital Markets LLC.

Pricing is expected later in the week.

The company plans to use the proceeds and about C$4 million of cash on hand to purchase or redeem all of its outstanding US$190 million of 7.75% senior notes due 2013.

Privately held Edmonton, Alta.-based Millar Western produces and markets hardwood and softwood bleached pulp and softwood lumber.

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