Kaiser Aluminum starts roadshow for $200 million eight-year notes

By Paul A. Harris

Portland, Ore., May 14 - Kaiser Aluminum Corp. began a roadshow on Monday for a $200 million offering of eight-year senior notes (expected ratings Ba3/BB-), according to a market source.

The deal is expected to price on Friday.

J.P. Morgan Securities LLC has the books.

Wells Fargo Securities LLC is the left lead co-manager. Bank of America Merrill Lynch and UBS Investment Bank are co-managers.

The Rule 144A and Regulation S with registration rights notes come with four years of call protection.

The Foothill Ranch, Calif.-based producer of semi-fabricated specialty aluminum products plans to use the proceeds for general corporate purposes.

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