Harron talks $225 million eight-year senior notes to yield 9%-9¼%

By Paul A. Harris

Portland, Ore., March 27 - Harron Communications, LP talked a $225 million offering of eight-year senior notes (Caa1/B-) to yield 9% to 9¼%, an informed source said on Tuesday.

The books close at 1 p.m. ET on Wednesday, and the deal is set to price thereafter.

SunTrust Robinson Humphrey and Wells Fargo Securities LLC are the joint bookrunners.

The Rule 144A for life notes come with four years of call protection.

The Frazer, Pa.-based cable services provider plans to use the proceeds to fund the redemption of the remaining 25% equity interest of BV Investment Partners and to repay a portion of its outstanding term loans.

© 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.