Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Stoneridge Inc. > News item |
Stoneridge starts roadshow for $175 million seven-year secured notes
By Paul A. Harris
St. Louis, Sept. 20 - Stoneridge, Inc. began a roadshow on Monday for a $175 million offering of seven-year senior secured notes, according to a market source.
The roadshow wraps up on Friday, and the deal is expected to price that day.
JP Morgan and Deutsche Bank Securities are the joint bookrunners for the Rule 144A and Regulation S offer.
Proceeds will be used to fund a tender offer for the company's 11½% senior notes due 2012, and to redeem any notes not tendered.
Stoneridge is a Warren, Ohio-based designer and manufacturer of highly engineered electronics for the truck, automotive, agricultural and off-highway vehicle markets.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.