HSN launches $250 million eight-year notes via Banc of America, JPMorgan, Morgan Stanley

By Paul A. Harris

St. Louis, July 7 - HSN, Inc., which is being spun off from IAC/InterActiveCorp., will host an investor call at 3 p.m. ET on Wednesday for its $250 million offering of eight-year senior notes, according to an informed source.

Banc of America Securities LLC, J.P. Morgan Securities Inc. and Morgan Stanley & Co. Inc. are joint bookrunners for the Rule 144A with registration rights offering. Barclays Capital, Merrill Lynch & Co. and Wachovia Securities are senior co-managers. Scotia Capital is the co-manager.

The notes will come with four years of call protection.

Proceeds are to be used in conjunction with the spinoff of the New York-based television and online retail services provider, formerly the Home Shopping Network.

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