Superior Industries sets roadshow for €240 million eight-year notes; yield whispered in low 6% area

By Paul A. Harris

Portland, Ore., June 2 – Superior Industries International, Inc. plans to start a roadshow on Monday for a €240 million offering of eight-year senior notes, according to a market source.

Initial guidance has the Rule 144A and Regulation S deal yielding in the low 6% area.

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

J.P. Morgan Securities LLC is leading the notes offering.

The Southfield, Mich.-based supplier of aluminum wheels plans to use the proceeds to repay a €240 million bridge loan that was entered into in conjunction with its purchase of outstanding shares of Uniwheels AG.

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