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Wise Alloys starts roadshow Friday for $150 million seven-year notes via Merrill Lynch
By Paul A. Harris
St. Louis, Mo., April 24 - Wise Alloys LLC/Wise Finance Corp. will start roadshowing $150 million of senior secured notes due 2009 (B3/B+) on roadshowing Friday, according to a syndicate source who added that Merrill Lynch & Co. is the bookrunner.
The roadshow will conclude and pricing is expected on May 7.
The Rule 144A notes will be non-callable for four years.
Proceeds will be used to repay bank debt and for general corporate purposes.
The company, which is based in Muscle Shoals, Ala., produces aluminum cans.
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