InterGen to start roadshow July 2 for $1.975 billion equivalent bonds

By Paul A. Harris

St. Louis, June 25 - InterGen Group will start U.S. and European roadshows on July 2 for its $1.975 billion equivalent offering of senior secured first-lien notes (Ba3/BB-) to be sold in dollar-denominated and sterling-denominated tranches, with the possible addition of euro-denominated bonds, according to a market source.

Merrill Lynch & Co. is the bookrunner.

The company also will put in place a $1.55 billion credit facility.

Proceeds will be used to refinance debt, fund working capital, fund a dividend and for general corporate purposes.

InterGen is a Burlington, Mass., power generation company.

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