Wise Metals to start roadshow Friday for $150 million eight-year notes

By Paul A. Harris

St. Louis, April 22 - Wise Metals Group LLC and Wise Alloys Finance Corp. will hold a roadshow April 23-30 for a $150 million offering of eight-year senior secured notes (B), a market source said.

Deutsche Bank Securities and Wachovia Securities are underwriters of the Rule 144A offering.

The notes will come with four years of call protection and will be guaranteed by a first lien on property, plant and equipment, and a second lien on accounts receivable and inventory.

Proceeds will be used to repay debt and redeem preferred shares.

The Linthicum, Md.-based company is a producer of aluminum beverage can stock.

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