England's Domestic & General to start roadshow on Monday for £500 million three-part notes offer

By Paul A. Harris

Portland, Ore., Oct. 18 - Domestic & General Group Ltd. plans to begin a roadshow on Monday for its £500 million three-part notes offer, according to an informed source.

The deal features a £200 million tranche of seven-year senior secured fixed-rate notes, which come with three years of call protection; a £150 million tranche of six-year senior secured floating-rate notes, which come with one year of call protection; and a £150 million tranche of eight-year senior unsecured notes, which come with three years of call protection.

Joint global coordinator Goldman Sachs International will bill and deliver for the Rule 144A and Regulation S offer. Barclays and Credit Suisse are also joint global coordinators.

BNP Paribas, Morgan Stanley, SG CIB and UBS are the joint bookrunners.

Mizuho and Royal Bank of Scotland are the co-managers.

Proceeds, together with an equity contribution and cash held by the Domestic & General Group, will be used to finance the acquisition of Domestic & General Group Holdings Ltd. by CVC Capital Partners Ltd. from Advent International Corp. and to repay debt.

Domestic & General is a Bedworth, England-based home-appliance warranty provider.

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