CompuCom starts roadshow for $250 million eight-year notes; pricing late this week

By Paul A. Harris

Portland, Ore., April 29 - CompuCom Systems, Inc. began a roadshow on Monday for its $250 million offer of eight-year senior notes (Caa1/CCC+), according to a market source.

The deal is set to price late in the week.

J.P. Morgan Securities LLC, Citigroup Global Markets, BMO Securities, Jefferies & Co. and SMBC Nikko Capital Markets Ltd. are the joint bookrunners.

The Rule 144A and Regulation S for life notes will become callable in three years at par plus 75% of the coupon.

The Dallas-based IT services and solutions specialist plans to use the proceeds to fund the acquisition of CompuCom by Thomas H. Lee Partners LP from Court Square Capital Partners.

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