Angus Chemical sets roadshow for $225 million notes offer backing buyout by Golden Gate

By Paul A. Harris

Portland, Ore., Jan. 14 – Angus Chemical Co. plans to start a roadshow on Thursday in New York for a $225 million offering of senior notes due 2023, according to a syndicate source.

An investor conference call is scheduled to get underway at 10:30 a.m. ET on Thursday.

The roadshow moves to Boston on Friday.

The Rule 144A for life deal is expected to price late in the week ahead.

Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Deutsche Bank Securities Inc. are the joint bookrunners.

The notes come with three years of call protection.

Proceeds will be used to help fund the buyout of the company by Golden Gate Capital from the Dow Chemical Co.

The issuing entity will be Aruba Investments, Inc.

Angus is a Buffalo Grove, Ill.-based manufacturer and distributor of nitroalkanes and their derivatives.

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