Sheridan Group starts roadshow for $150 million three-year notes

By Paul A. Harris

Portland, Ore., March 30 - The Sheridan Group began a roadshow on Wednesday for a $150 million offering of three-year senior secured notes, according to an informed source.

The roadshow for the Rule 144A with registration rights offering wraps up on April 7.

Jefferies & Co. has the books.

The notes come with one year of call protection and are expected to garner credit ratings in the low single B range.

The Hunt Valley, Md.-based print and publishing company plans to use the proceeds to repay its existing 10¼% senior secured notes.

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