Autodistribution to price €240 million five-year notes this week

By Paul A. Harris

Portland, Ore., Jan. 21 - France-based Autodistribution Group is holding a roadshow for a €240 million offering of five-year senior secured notes through Thursday, according to a market source.

JPMorgan has the books for the Rule 144A and Regulation S for life deal. Oddo & Cie is the co-manager.

The notes come with two years of call protection.

Proceeds will be used to repay debt and to fund the acquisition of ACR Group.

Autodistribution is an Arcueil, France-based supplier of automobile and truck parts.

ACR Group is a Gennevilliers, Hauts de Seine, France-based supplier of brake, chassis and engine parts, as well as alternators and starters.

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