Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for American Renal Holdings Inc. > News item |
American Renal starts roadshow for $225 million eight-year notes
By Paul A. Harris
St. Louis, April 21 - American Renal Holdings Inc. began a roadshow on Wednesday for its $225 million offering of eight-year senior secured notes, according to an informed source.
The roadshow wraps up on April 28, and the deal is set to price thereafter.
Bank of America Merrill Lynch, Barclays Capital Inc. and Wells Fargo Securities are the joint bookrunners for the Rule 144A with registration rights deal.
The notes come with three years of call protection and a 101% poison put.
Credit ratings remain to be determined.
Proceeds are to be deposited into an escrow account and, upon release, be used in conjunction with a cash equity investment from Centerbridge Partners LP to fund the acquisition of the company from Pamlico Capital. Proceeds also will be used to repay debt.
American Renal is a Beverly, Mass.-based provider of kidney dialysis 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.