Hollywood Entertainment starts roadshow for $200 million notes Tuesday

By Paul A. Harris

St. Louis, Dec. 5 - Hollywood Entertainment Corp. starts the roadshow Tuesday for an off-the-shelf offering of $200 million senior subordinated notes due 2011 (B3/B-), according to a syndicate source.

Pricing is expected early in the week of Dec. 16, the source added.

UBS Warburg is the bookrunner.

The notes are likely to price with an eight to 81/2-year maturity and will be callable in four years.

Proceeds will be used to take out part of the company's $250 million of 10 5/8% senior subordinated notes due 2004, now callable at 102.66, and general corporate purposes.

The Portland, Ore.-based firm owns and operates the second largest U.S. video store chain.

© 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.