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Quality Distribution starts roadshow for $175 million five-year notes
By Paul A. Harris
St. Louis, May 16 - Quality Distribution, LLC began a roadshow Friday for $175 million senior secured notes due 2008, according to a syndicate source.
The deal is expected to price during the week of May 26, the source added.
Credit Suisse First Boston is the bookrunner for the Rule 144A offering. Deutsche Bank Securities Inc. is co-manager.
The notes will be issued jointly with QD Capital Corp. and are non-callable for three years.
Proceeds will be used to repay bank debt.
The Tampa, Fla.-based company operates tank truck fleets via subsidiaries including Quality Carriers.
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