Werner intends to price $265 million eight-year notes on Friday

By Paul Deckelman

New York, June 19 – Werner Co. is shopping a $265 million offering of eight-year senior notes (Caa2/CCC+), high-yield syndicate sources said Monday.

The notes will be sold through funding subsidiary Werner FinCo LP.

Pricing on the offering is expected to occur on Friday.

The deal is coming to market via bookrunner J.P. Morgan Securities LLC.

Werner is a Greenville, Pa.-based manufacturer of ladders and other climbing equipment, fall protection and access related products such as scaffolding, as well as jobsite, truck and van storage equipment.

Proceeds from the bond offering will be used to help fund the recently announced planned leveraged buyout of Werner, on undisclosed financial terms, by funds affiliated with Triton Partners, a Schauffhausen, Switzerland-based investment company. Financing for the acquisition will also include an equity contribution in the form of both preferred and common stock from affiliates of Triton Partners.

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