Metaldyne to start roadshow Monday for $700 million eight-year notes

By Paul A. Harris

Portland, Ore., Oct. 3 – MPG Holdco I Inc., a wholly owned subsidiary of Metaldyne Performance Group Inc., plans to start a roadshow on Monday for a $700 million offering of eight-year senior notes (B3/B+), according to a market source.

The roadshow wraps up Thursday.

Deutsche Bank Securities Inc., Goldman Sachs & Co., BofA Merrill Lynch, KeyBanc Capital Markets, Morgan Stanley & Co. LLC, Nomura and RBC Capital Markets are the joint bookrunners.

The notes become callable after three years at par plus 75% of the coupon.

Proceeds, along with a $1.5 billion credit facility, will be used to refinance debt at the company’s subsidiaries.

Metaldyne is a Plymouth, Mich.-based manufacturer of highly engineered metal-based components for engine, transmission, and driveline applications in the automotive and light truck markets.

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