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Air Methods starts roadshow for $560 million eight-year notes offer backing buyout
By Paul A. Harris
Portland, Ore., April 10 – Air Methods Corp. started a roadshow on Monday for a $560 million offering of eight-year senior notes, according to an informed source.
An investor group lunch and conference call were scheduled to get underway at noon ET on Monday. The roadshow moves to Boston on Tuesday.
The Rule 144A and Regulation S for life notes are set to price on Thursday.
Initial guidance has the notes coming to yield 7½% to 7¾%.
Morgan Stanley & Co. LLC, RBC Capital Markets, Barclays, Jefferies LLC and Citigroup Global Markets Inc. are managing the sale.
The notes come with three years of call protection.
The issuing entity will be ASP AMC Merger Sub, Inc., which is to be merged with and into Air Methods Corp.
Proceeds will be used to help fund the buyout of the Englewood, Colo.-based provider of air medical transportation and air tourism by American Securities LLC.
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