Georgia Gulf to start roadshow Tuesday for $750 million two-tranche offer

By Paul A. Harris

St. Louis, Sept. 18 - Georgia Gulf Corp. will begin a roadshow on Tuesday for a $750 million two-part note offering, according to an informed source.

The Atlanta-based chemical company plans to place a tranche of eight-year senior notes, which will come with four years of call protection, and a tranche of 10-year senior subordinated notes, which will come with five years of call protection.

Pricing is expected on Sept. 28.

Merrill Lynch & Co. has the physical books for the notes, which will be marketed via Rule 144A with registration rights and via Regulation S. Lehman Brothers and Banc of America Securities LLC are joint bookrunners. JP Morgan, Wachovia Securities, Mitsubishi UFJ Securities, ABN Amro, Mizuho International and Scotia Capital are co-managers.

Proceeds will be used to help fund the acquisition of Toronto-based home improvement and building products producer Royal Group Technologies Ltd. and to repay some existing debt of Royal Group and Georgia Gulf.

Georgia Gulf is a manufacturer and marketer of chlorovinyls and aromatics.

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