Eco Material sets roadshow for $500 million five-year secured green notes; talk low-8% area

By Paul A. Harris

Portland, Ore., Jan. 24 – Eco Material Technologies Inc. plans to run a virtual roadshow from Tuesday to Thursday for a $500 million offering of five-year senior secured green notes (expected ratings B2/B/B+), according to market sources.

The deal is scheduled to be shopped on a conference call with investors beginning at 1 p.m. ET on Monday.

Initial guidance is in the low-8% area, according to a bond trader.

Jefferies LLC, Deutsche Bank Securities Inc. and Nomura Securities International Inc. are the joint bookrunners.

Proceeds will be used fund the acquisition of Boral Resources from Boral Ltd. and its combination with Green Cement, Inc.

The issuer is a harvester, producer, marketer, and distributor of supplementary cementitious materials (SCMs) used in the production of concrete.

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