TriMas starts roadshow for $250 million 10-year notes

By Paul A. Harris

St. Louis, Mo., May 15 - The roadshow started Wednesday to market TriMas Corp.'s offering of $250 million of senior subordinated notes due 2012, according to a syndicate source, who added that the ratings have not yet been determined.

Timing on the deal also remains to be finalized, according to a syndicate source.

Credit Suisse First Boston, JP Morgan and Wachovia Securities are three-way joint bookrunners. Comerica and NatCity Investments are co-managers.

The Rule 144A notes are non-callable for five years.

Proceeds will be used to partially fund the acquisition by Heartland Partners of TriMas, which is being spun out of Metaldyne, Inc.

The diversified specialty products company is located in Plymouth, Mich.

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