Allbritton to start roadshow Monday for $455 million eight-year notes

By Paul A. Harris

St. Louis, April 16 - Allbritton Communications Co. will begin a brief roadshow on Monday for its $455 million offering of eight-year senior unsecured notes (expected ratings B3/B-, or better), according to an informed source.

The roadshow wraps up on Wednesday. The Rule 144A with registration rights deal is expected to price on Thursday.

Deutsche Bank Securities Inc. is the left bookrunner. Bank of America Merrill Lynch is the joint bookrunner.

The notes come with four years of call protection.

Proceeds will be used to repay the existing 7¾% senior subordinated notes due 2012.

Allbritton Communications is an Arlington, Va.-based owner and operator of television stations.

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