Myers Industries postpones $265 million 10-year note offering

By Paul A. Harris

St. Louis, July 31 - Myers Industries Inc. postponed its $265 million offering of 10-year senior subordinated notes (B3/CCC+) on Tuesday due to market conditions, according to a market source.

Goldman Sachs & Co. was the bookrunner.

Proceeds were to be used to help fund the acquisition of the company by GS Capital Partners.

The company is an Akron, Ohio, manufacturer of polymer products for industrial, agricultural, automotive, commercial and consumer markets.

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