Quiksilver to start roadshow Wednesday for $350 million 10-year notes

By Paul A. Harris

St. Louis, June 30 - Quiksilver, Inc. will start a roadshow Wednesday for its $350 million offering of 10-year senior notes (expected B1/confirmed BB-), according to an informed source.

Pricing is expected to take place late in the week of July 11.

JP Morgan has the books. Banc of America Securities will be the joint lead manager.

The notes will come with five years of call protection, and will be sold via Rule 144A and Regulation S.

Proceeds along with cash drawn from the company's credit facility will be used to finance, in part, the acquisition of Skis Rossignol SA and to repay debt. The proceeds will be placed in an escrow account pending the successful tender for at least 80% of Rossignol's shares.

Quiksilver is a Huntington Beach, Calif.-based maker of casual wear.

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