EnTrans starts roadshow for $250 million six-year secured notes offer

By Paul A. Harris

Portland, Ore., Nov. 17 – EnTrans International, LLC and EnTrans International Finance Corp. started a roadshow on Monday for a $250 million offering of six-year senior secured notes, according to an informed source.

The Rule 144A and Regulation S for life deal is scheduled to price later this week.

Credit Suisse Securities (USA) LLC is the bookrunner.

The notes become callable after three years at par plus 50% of the coupon and feature a three-year 40% equity clawback and a 101% poison put.

The Cleveland, Tenn.-based manufacturer of tanker trailers and industrial equipment plans to use the proceeds to refinance debt.

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