Interactive Health offers $80 million seven-year notes; roadshow March 8-19 via Jefferies

By Paul A. Harris

St. Louis, March 8 - Interactive Health Finance Corp. began its roadshow Monday for an $80 million offering of seven-year senior notes (B2/B-), according to an informed source.

The roadshow will conclude on March 19.

Jefferies & Co. is the bookrunner on the Rule 144A issue, which has registration rights. Imperial Capital LLC is co-manager.

The notes will come with three years of call protection and will contain a three-year, 40% equity clawback.

Proceeds will be used to repay bank debt and fund a dividend payment.

The Long Beach, Calif.-based company is a robotic massage chair producer and marketer.

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