American Medical Response to launch $250 million 10-year notes via roadshow

By Paul A. Harris

St. Louis, Jan. 14 - Laidlaw International Inc. units AMR Holdco Inc. and EmCare Holdco Inc. will start a roadshow Wednesday for a $250 million offering of 10-year senior subordinated notes (Caa1/B-), according to an informed source.

An investor conference call is scheduled for 12:30 p.m. ET on Jan. 21.

The notes, which will mature in 2015 and are non-callable for five years, are expected to price late in the week of Jan. 24.

Banc of America Securities and JP Morgan will be joint bookrunners for the Rule 144A offering.

The company will also obtain a $350 million seven-year term loan and $100 million six-year revolving credit facility (both rated B+).

Proceeds will be used to fund Onex Partners' acquisition of Laidlaw Inc.'s two healthcare companies, American Medical Response and EmCare.

American Medical Response is a Greenwood, Colo.-based provider of ambulance transport services.

© 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.