SNF Floerger sets roadshow for €550 million eight-year notes offering

By Paul A. Harris

Portland, Ore., April 10 – SPCM SA, the holding company for France-based SNF Floerger, plans to begin a roadshow on Monday in London for a €550 million offering of eight-year senior notes (expected BB+), according to a market source.

The roadshow continues on Tuesday, and the Rule 144A and Regulation S deal is set to price thereafter.

Lead left bookrunner BNP Paribas will bill and deliver. Credit Agricole CIB and SG CIB are the joint bookrunners.

BofA Merrill Lynch and Natixis are the co-managers.

The Andrezieux, France-based producer of polyacrylamide plans to use the proceeds to refinance its 5½% notes due 2020 in full, as well as to repay revolver debt and for general corporate purposes.

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