Schefenacker to start roadshow Wednesday for €175 million 10-year notes via Citigroup

By Paul A. Harris

St. Louis, Jan. 22 - Schefenacker AG plans to start a roadshow Wednesday for €175 million of senior subordinated notes due 2014, a market source said.

Citigroup will run the books for the Rule 144A offering.

The notes will come with five years of call protection.

The Esslingen, Germany, auto parts company plans to use proceeds to repay bank debt.

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