David's Bridal prepares $270 million offering of eight-year notes

By Paul A. Harris and Aleesia Forni

Columbus, Ohio, Oct. 2 - David's Bridal Inc. plans to price $270 million eight-year senior notes, according to a market source.

Morgan Stanley & Co. LLC, Bank of America Merrill Lynch, Barclays, Goldman Sachs & Co., Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. are the joint bookrunners for the Rule 144A for life and Regulation S deal.

The notes are non-callable for three years.

The Conshohocken, Pa.-based specialty retailer of bridal gown and wedding-related apparel and accessories plans to use the proceeds for its buyout by Clayton Dubilier & Rice, LLC.

An investor call was held at 10 a.m. ET on Tuesday, and pricing is expected this week.

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