Associated Materials Announces Pricing of $100 Million of Additional Senior Secured Notes

April 25th, 2013 by DWM Magazine

Associated Materials LLC and its wholly owned subsidiary, AMH New Finance Inc., announced it has priced an offering of $100 million in aggregate principal amount of additional 9.125 percent senior secured notes due 2017 (the “new notes”) at an issue price of 106.000 percent of the principal amount of the new notes. The new notes will be offered in a private placement to “qualified institutional buyers” in the United States, as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States pursuant to Regulation S under the Securities Act. The sale of the new notes is expected to close on or about May 1, 2013.

The company intends to use a portion of the net proceeds of the offering to repay all of the outstanding borrowings under its senior secured asset-based revolving credit facilities (the “ABL facilities) and intends to use the remaining net proceeds for other general corporate purposes.

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