Interactive Data sets Wednesday investor call for $200 million five-year notes; pricing Thursday

By Paul A. Harris

Portland, Ore., April 16 - Interactive Data Corp. plans to participate in a conference call with investors at 2 p.m. ET on Wednesday to discuss its $200 million offering of five-year senior notes (expected ratings Caa2/B-/), according to a syndicate source.

The Rule 144A and Regulation S for life offering is set to price on Thursday.

Barclays is the lead left bookrunner. Goldman Sachs & Co., BofA Merrill Lynch, Credit Suisse Securities (USA) LLC, UBS Securities LLC, Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities LLC are the joint bookrunners.

The notes become callable after one year at 102 and feature an equity clawback for 100% of the issue at 102 during the first year with proceeds from a public equity offering.

The Bedford, Mass.-based provider of financial market data plans to use the proceeds to refinance its term loan B and senior notes and to fund a dividend.

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