OM Group $400 million 10-year notes roadshow starts Nov. 29

By Paul A. Harris

St. Louis, Mo., Nov. 27 - OM Group Inc. announced Tuesday that it will sell $400 million of senior subordinated notes due 2011 (B2/B+ expected).

The roadshow begins Nov. 29 and pricing of the Rule 144A deal is expected during the week of Dec. 3, according to market sources.

Bookrunner for the offering is Credit Suisse First Boston, with ABN Amro, Lehman Brothers, Banc One Capital Markets, Barclays Capital, Credit Lyonnais, National City and Scotia Capital also in the syndicate.

The notes will have a make-whole call at Treasuries plus 50 basis points for the first five years and will have a regular call after that at a premium.

Proceeds will be used to repay bridge notes and bank debt.

The Cleveland, Ohio-based company produces and markets specialty chemicals.

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