SNF Floerger to start roadshow Monday for $250 million senior notes

By Paul A. Harris

Portland, Ore., Sept. 20 - SNF Floerger plans to start a roadshow on Monday for a $250 million offering of senior notes due Jan. 15, 2022 (expected ratings Ba3/BB+), according to a syndicate source.

There will be an investor call at 12:30 p.m. ET on Monday.

The roadshow wraps up on Wednesday, and the deal is set to price thereafter.

BofA Merrill Lynch is the left bookrunner for the Rule 144A for life deal. BNP Paribas is the joint bookrunner. Credit Agricole CIB, HSBC and Natixis are the co-managers.

The notes come with four years of call protection.

Proceeds will be used to repay revolver debt and for general corporate purposes.

Based in Andrezieux, France, the company produces specialty chemicals, such as water-soluble polymers.

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