Amerigroup to start roadshow Thursday for $450 million senior notes

By Paul A. Harris

Portland, Ore., Nov. 1 - Amerigroup Corp. plans to start a roadshow on Thursday in New York for its $450 million offering of eight-year senior notes (expected ratings Ba3/BB+), according to an informed source.

The roadshow moves to Baltimore on Friday, then on to Boston on Monday and to the West Coast of the United States on Nov. 8.

Goldman Sachs & Co. is the bookrunner.

The notes, which have been registered with the Securities and Exchange Commission, come with four years of call protection.

The Virginia Beach, Va.-based managed health care company plans to use the proceeds to prefund its existing convertible notes and for general corporate purposes.

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