EnergySolutions' debt refinancing to include new high-yield bonds

By Paul A. Harris

St. Louis, July 13 - EnergySolutions Inc. plans to issue high-yield bonds as part of its bank debt refinancing effort, according to a market source.

J.P. Morgan Securities Inc. will lead the deal.

The size, structure and timing remain to be determined.

The refinancing also includes a new credit facility, also via JPMorgan, which is set to launch at a bank meeting on Thursday.

Proceeds will be used to refinance the company's existing bank deal, which includes a revolving credit facility, a first-lien term loan and a synthetic letter-of-credit facility.

EnergySolutions is a Salt Lake City-based provider of nuclear services.

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