Woodcraft Industries to start roadshow for $130 million eight-year notes

By Paul A. Harris

St. Louis, Feb. 2 - Woodcraft Industries Inc. will start a roadshow early in the week of Feb. 2 for $130 million of senior subordinated notes due 2012 (B3/CCC+), market sources said.

The deal is expected to price mid to late in the week of Feb. 9.

Credit Suisse First Boston will run the books on the Rule 144A offering. Wachovia Securities is co-manager.

The notes will come with four years of call protection and a three-year, 35% equity clawback.

Proceeds will be used to repay bank debt and to fund a distribution to shareholders.

The Saint Cloud, Minn.-based company manufactures kitchen and bath cabinet and other wood components.

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