Wise Metals plans Monday roadshow for $625 million secured notes

By Paul A. Harris

Portland, Ore., Nov. 22 - Wise Metals Group LLC and Wise Alloys Finance Corp. have a one-day roadshow planned for Monday, when they will meet with investors in Boston and New York regarding a proposed $625 million offering of five-year senior secured notes (expected ratings Caa1/B-), according to a syndicate source.

There is also an investor conference call scheduled for noon ET on Monday.

The deal is set to price on Tuesday.

BofA Merrill Lynch is the left bookrunner for the Rule 144A for life offer. Wells Fargo Securities LLC and Houlihan Lokey Inc. are the joint bookrunners.

The notes come with 2.5 years of call protection.

The Baltimore-based producer of aluminum beverage sheet plans to use the proceeds to refinance debt and redeem preferred equity interests.

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