CNG Holdings begins marketing $310 million five-year secured notes

By Paul A. Harris

Portland, Ore., May 14 – CNG Holdings, Inc. plans to kick off a $310 million offering of five-year senior secured notes on an investor conference call scheduled to get underway at 12:30 p.m. ET on Tuesday, according to an informed source.

The deal is set to price early in the week of May 20.

Jefferies LLC has the books.

The notes come with two years of call protection.

The Cincinnati-based retail and online financial services provider plans to use the proceeds to refinance its senior secured notes due 2020.

CNG focuses on services for non-prime consumers in the United States.

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