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Published on 5/27/2014 in the Prospect News High Yield Daily.

Italy's Officine Maccaferri starts roadshow for €200 million notes

By Paul A. Harris

Portland, Ore., May 27 - Italy's Officine Maccaferri SpA began a roadshow on Tuesday for a €200 million offering of seven-year senior notes (B2//B), according to a market source.

The roadshow wraps up on Thursday.

Joint bookrunner Credit Suisse will bill and deliver for the Rule 144A and Regulation S for life deal. Banca IMI, BNP Paribas and UniCredit are also joint bookrunners.

The notes come with three years of call protection.

The Bologna, Italy-based building products company plans to use the proceeds to refinance debt, acquire the real estate of the company's headquarters, pay a special dividend and for general corporate purposes.


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