W.R. Grace starts roadshow for $955 million eight-year notes; initial guidance 6% area

By Paul A. Harris

Portland, Ore., Aug. 9 – W.R. Grace Holdings LLC began a roadshow on Monday for a $955 million offering of eight-year senior notes, according to market sources.

Initial guidance has the deal coming to yield in the 6% area.

J.P. Morgan Securities LLC is leading the Rule 144A and Regulation S offering.

The notes come with three years of call protection.

The notes offering comes in connection with the anticipated merger of Standard Industries Holdings Inc. and W.R. Grace & Co.

The New York-based industrial company plans to use the proceeds to repay certain debt.

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