URS Corp. starts roadshow Monday for $250 million seven-year notes

By Paul A. Harris

St. Louis, Mo., July 31 - The roadshow starts Monday for URS Corp.'s planned offering of $250 million senior notes due 2009 (B1/B), according to a syndicate source. The deal will likely price during the week of Aug. 12.

Credit Suisse First Boston is the bookrunner.

The Rule 144A notes are non-callable for four years and contain an equity clawback of 35% for three years.

Proceeds will be used to finance the purchase of EG&G Technical Services and Lear Siegler Services, Inc. from The Carlyle Group for $500 million and to refinance bank debt.

The issuer is a San Francisco-based engineering and design services provider.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.