Big Tex/American Trailer Works (ATW) today placed its offering of seven-year (non-call three) notes backing the acquisition and merger of the two companies by Bain Capital. The deal was finalized at the low end of talk, sources said. The 144A-for-life notes were issued though issuer entity BDC Acquisition and shopped via Goldman Sachs and Barclays. In addition to financing the M&A transaction, the proceeds will also be used to refinance ATW’s existing debt. Terms:
| Issuer | BDC Acquisition (American Trailer Works) | |
| Ratings | B/B3 | |
| Amount | $670 million | |
| Issue | senior secured (144A-for-life) | |
| Coupon | 9.625% | |
| Price | 100 | |
| Yield | 9.625% | |
| Maturity | Sept. 15, 2023 | |
| Call | non-call three (1st call @ par+50 coupon) | |
| Trade | Aug. 17, 2016 | |
| Settle | Aug. 24, 2016 | |
| Joint Bookrunners | GS/BARC | |
| Price talk | 9.75% area | |
| Notes | 1st call @ par+50 coupon | |
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