Diamond Resorts sets roadshow for $600 million eight-year notes

By Paul A. Harris

Portland, Ore., July 27 – Diamond Resorts International, Inc. plans to start a roadshow on Monday in New York and New Jersey for its $600 million offering of eight-year senior notes (Caa1/CCC+), according to a syndicate source.

The roadshow continues in New York and New Jersey on Tuesday, moves to Boston on Wednesday and to the West Coast of the United States on Thursday.

RBC Capital Markets Corp. is the left bookrunner. Barclays and Jefferies LLC are joint bookrunners. PSP Capital Partners and Natixis Securities are co-managers.

The notes come with three years of call protection.

Proceeds will be used to help fund the acquisition of Diamond Resorts by Apollo Global Management LLC for $30.25 per share or $2.2 billion.

Diamond Resorts is a Las Vegas-based hospitality and vacation ownership company.

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