Eagle Midco sets Friday investor call for $340 million discount notes

By Paul A. Harris

Portland, Ore., Nov. 8 - Eagle Midco, Inc., a holding company of Epicor Software, plans to host an investor conference call at 10 a.m. ET on Friday to discuss its $340 million offering of five-year senior discount notes, according to an informed source.

The deal is set to price on Friday afternoon.

Bank of America Merrill Lynch and RBC Capital Markets are the joint bookrunners.

The Rule 144A for life notes do not provide for cash payments of interest and will be issued at a significant discount from their principal amount at maturity.

The notes become callable at par after one year. The call premium increases to par plus 50% of the coupon after year two, to par plus 25% of the coupon after year three, and back to par after year four.

The notes also feature a 101% investor put at the accreted value of the notes plus accrued interest.

Credit ratings remain to be determined.

The Irvine, Calif.-based provider of enterprise applications software plans to fund a distribution to its equity holders.

© 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.