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Oxford Automotive starts roadshow for $240 million seven-year notes Monday
By Paul A. Harris
St. Louis, Oct. 15 - The roadshow starts Monday for Oxford Automotive, Inc.'s offering of $240 million senior secured notes due 2010, according to an informed source.
Pricing is expected on Oct. 30 or 31, the source added.
Jefferies & Co. is bookrunner on the Rule 144A deal.
The notes will be non-callable for four years.
Oxford Automotive will use proceeds to repay existing debt and fund working capital.
The company is a Troy, Mich. supplier of specialized welded metal assemblies and related services.
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