Oxford Automotive to start roadshow Thursday for $240 million eight-year notes

By Paul A. Harris

St. Louis, Aug. 6 - Oxford Automotive Inc. starts the roadshow Thursday for an offering of $240 million senior secured second lien notes due 2011, according to a syndicate source.

Pricing of the new notes is expected late in the week of Aug. 11.

Lehman Brothers and Credit Suisse First Boston are joint bookrunners on the Rule 144A deal. Comerica is co-manager.

The notes will contain a make-whole call for the first four years, then be callable at a premium.

Proceeds will be used to repay debt and for general corporate purposes.

The company is a Troy, Mich.-based metal-formed assemblies supplier for the automotive industry.

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