IHS intends to sell $500 million eight-year senior bullet notes

By Paul A. Harris

Portland, Ore., Oct. 21 – IHS Inc. plans to price a $500 million offering of non-callable eight-year senior notes (expected ratings Ba1/BB+/BBB) late Tuesday or early Wednesday, according to a market source.

The Rule 144A and Regulation S with registration rights deal was scheduled to be shopped to investors on a late Tuesday morning conference call.

J.P. Morgan Securities LLC, BofA Merrill Lynch, Wells Fargo Securities LLC, RBC Capital Markets and Goldman Sachs & Co. are the joint bookrunners.

BBVA and TD Securities are the senior co-managers.

HSBC, Morgan Stanley & Co. LLC, PNC Capital Markets, RBS Securities Inc., SMBC Nikko and U.S. Bancorp Investments Inc. are the co-managers.

The Englewood, Colo.-based provider of information, insight and analytics services to businesses plans to use the proceeds to repay its $250 million term loan in full and to reduce the $850 million outstanding under its new $1.3 billion senior unsecured revolver.

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