Associated Materials LLC announced last week that Carey Acquisition Corp. and its subsidiary intend to offer $730 million in aggregate principal amount of senior secured notes due 2017 in a private placement, subject to market and other conditions. The net proceeds from the offering of the notes will be used, in part, to finance the previously announced acquisition of the parent company of Associated Materials LLC by affiliates of Hellman & Friedman LLC. The offering of the notes is conditioned upon the closing of the acquisition.

Upon completion of the offering and the acquisition, the notes will become obligations of Associated Materials. The notes will be guaranteed by all of the direct and indirect domestic subsidiaries of Associated Materials that guarantee the new senior secured asset-based revolving credit facility, which the company expects to enter in connection with the acquisition, according to information from Associated Materials.

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