Affinion to start roadshow Wednesday for $750 million two-part bond offering

By Paul A. Harris

St. Louis, Sept. 16 - Affinion Group will begin a roadshow on Wednesday for a $750 million two-part offering of high-yield bonds, according to market sources.

Credit Suisse First Boston and Deutsche Bank Securities will be joint bookrunners.

The company plans to sell $250 million of eight-year senior notes, which will come with four years of call protection, and $500 million of 10-year senior subordinated notes, which will come with five years of call protection.

Proceeds will be used to fund the acquisition of the company by Apollo Management.

Credit ratings on the notes remain to be determined.

The prospective issuer is global affinity direct marketer of membership, insurance and package enhancement products and services.

© 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.