Shale-Inland plans to start roadshow Monday for $250 million seven-year secured notes

By Paul A. Harris

Portland, Ore., Oct. 19 - Shale-Inland Holdings, LLC and Shale-Inland Finance Corp. will begin a roadshow on Monday for a $250 million offering of seven-year senior secured notes, according to a syndicate source.

The deal is set to price late in the Oct. 22 week.

UBS Securities LLC is the left lead bookrunner. Barclays, Deutsche Bank Securities Inc. and BMO Capital Markets Corp. are the joint bookrunners.

The Rule 144A and Regulation S for life notes come with three years of call protection.

Credit ratings remain to be determined.

Proceeds will be used to repay a portion of the company's debt outstanding under its existing ABL credit facility.

Shale-Inland is a Schiller Park, Ill.-based distributor of industrial pipes, valves and fittings and a provider of technical solutions to the energy and industrial sectors.

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