| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for Air Methods Corp. > News item |
Air Methods talks $560 million eight-year notes to yield 7½%-7¾%; pricing Thursday
By Paul A. Harris
Portland, Ore., April 12 – Air Methods Corp. talked its $560 million offering of eight-year senior notes (Caa1/CCC+) to yield 7½% to 7¾%, according to an informed source.
Formal talk comes on top of initial guidance.
Books were scheduled to close on Wednesday, except for accounts on the West Coast of the United States for whom timing is extended to 10 a.m. ET on Thursday.
The Rule 144A and Regulation S for life notes are set to price thereafter.
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.
© 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.