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Metaldyne to sell $700 million eight-year notes via Goldman Sachs
By Paul A. Harris
Portland, Ore., Sept. 25 – Metaldyne plans to sell $700 million of eight-year senior notes (B3/B+), according to a market source.
Goldman Sachs & Co. will be the lead manager.
Timing has not yet been announced, the source said.
Proceeds will be used to refinance debt.
Metaldyne is a Plymouth, Mich.-based manufacturer of highly engineered metal-based components for engine, transmission and driveline applications in the automotive and light truck markets.
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