Interactive Data intends to start roadshow Tuesday for $700 million eight-year senior notes

By Paul A. Harris

St. Louis, July 12 - Interactive Data Corp., in conjunction with Igloo Merger Corp., will start a roadshow on Tuesday for a $700 million offering of eight-year senior notes (Caa1/B-), according to an informed source.

The roadshow wraps up on July 20.

Barclays Capital Inc., Bank of America Merrill Lynch, Credit Suisse and UBS Investment Bank are the joint bookrunners for the Rule 144A and Regulation S with registration rights offering.

The notes come with four years of call protection.

Proceeds will be used to help fund the $3.4 billion leveraged buyout of the company by Silver Lake and Warburg Pincus for $33.86 in cash per share.

Interactive Data is a Bedford, Mass.-based provider of financial market data.

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