Hellman's Construction Co. Closes $100M Private Placement

Law360, New York (May 1, 2013, 5:23 PM EDT) -- Associated Materials LLC, the construction materials maker owned by private equity firm Hellman & Friedman LLC, has raised $100 million in high-yield debt to free up borrowings on the bank loans, according to a regulatory filing Wednesday.

The company will pile on another $100 million to about $730 million in outstanding senior notes, which pay 9.125 percent and mature in 2017. Proceeds from the notes, which earned junk ratings from Standard & Poors and Moody’s, will go to repay a revolving bank loan, the company said....
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