WaveDivision starts roadshow Monday for $250 million eight-year notes

By Paul A. Harris

Portland, Ore., Aug. 3 - WaveDivision Holdings LLC will begin a roadshow on Monday for a $250 million offering of eight-year senior notes (Caa1), according to market sources.

The deal is expected to price mid-to-late in the week ahead.

Deutsche Bank Securities Inc., Wells Fargo Securities LLC, RBC Capital Markets and SunTrust Robinson Humphrey are the leads.

The notes come with four years of call protection.

Proceeds, in addition to the proceeds from a $470 million term loan and a $50 million revolver, will be used to help fund the acquisition of the company by Oak Hill Capital Partners, GI Partners and management from Sandler Capital Management.

WaveDivision is a Kirkland, Wash.-based owner and operator of broadband cable systems.

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