Pinnacle Foods to start roadshow for $150 million 10-year notes on Thursday

By Paul A. Harris

St. Louis, Nov. 10 - Pinnacle Foods Corp. starts the roadshow Wednesday for a $150 million offering of senior subordinated notes due 2013, according to a market source.

JP Morgan and Deutsche Bank Securities are bookrunners on the Rule 144A deal.

Pinnacle Foods will use proceeds from the 10-year non-call-five notes to fund the $485 million acquisition by JPMorgan Partners and C. Dean Metropoulos from Hicks, Muse, Tate & Furst Inc.

The company is a Cherry Hill, N.J.-based manufacturer and marketer of frozen foods, pickles, condiments and barbeque sauce.

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