Deal Details

Senior Unsecured Notes Offering

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Summary

About

Polypore International Inc. (“Polypore” or the “Company”) (NYSE: PPO”) recently priced an offering of $365 million aggregate principal amount senior unsecured notes due 2017. The notes bear interest at 7.50% per annum and were issued at a price of 100% of their face value. Polypore intends to use the net proceeds from this offering to purchase all of its outstanding 8.75% senior subordinated notes due 2012.

Polypore is a global high technology filtration company specializing in microporous membranes used in separation and filtration processes. The Company’s membrane separators are a critical performance component in lithium ion and lead-acid batteries, specialty healthcare applications and high performance industrial applications. Based in Charlotte, NC, Polypore is a market leader with manufacturing facilities and sales offices throughout the Americas, Europe, and Asia.

This notes offering highlights Baird’s strategy of building long-term relationships with clients through the consistent delivery of high-quality service, advice and transaction execution. This transaction is Baird’s third successful engagement with Polypore, as Baird also served as a co-manager on Polypore’s $285 million initial public offering in 2007 and co-lead manager on its $192 million follow on equity transaction in 2008.

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