Great Lakes Dredge plans to start roadshow Wednesday for $250 million eight-year senior notes

By Paul A. Harris

St. Louis, Jan. 18 - Great Lakes Dredge & Dock Corp. will begin a roadshow on Wednesday for a $250 million offer of eight-year senior notes, according to an informed source.

The roadshow wraps up on Monday, and the notes are expected to price early in the Jan. 24 week.

Deutsche Bank Securities and Bank of America Merrill Lynch are the joint bookrunners for the Rule 144A and Regulation S deal. Lazard Capital Markets is the co-manager.

The notes come with four years of call protection.

Proceeds will be used to repay the company's 7¾% senior subordinated notes due in December 2013 and for general corporate purposes, which may include acquisitions.

The prospective issuer is an Oak Brook, Ill.-based provider of dredging services and commercial and industrial demolition services.

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