DuPont Fabros roadshowing $550 million eight-year notes through Dec. 11

By Paul Deckelman

New York, Dec. 3 - DuPont Fabros Technology, LP began a roadshow Thursday for a $550 million offering of eight-year senior notes. That marketing campaign will continue through next Friday, Dec. 11, high yield syndicate sources said.

The Rule 144A/Registration S deal, which is being sold with registration rights, will come to market via joint book-running managers Jefferies & Co. Inc., Barclays Capital Inc. and Macquarie Capital Advisors.

Investors will have call protection for the first four years after the bonds are issued.

The bonds will carry a Ba2 rating from Moody's Investors Service, with Standard & Poor's rating for the issue to be determined.

DuPont Fabros is a Washington, D.C.-based owner, developer and operator of large-scale data center facilities, which are leased to such familiar high-tech names as Microsoft Corp., Google Inc., Yahoo! Inc. and Facebook. It plans to use the proceeds from the bond offering to repay secured bank debt, and for working capital, including project completion costs.

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