Vivint pricing $200 million tap of 8¾% notes Tuesday

By Paul A. Harris

Portland, Ore., May 28 - APX Group, Inc. (Vivint) plans to price a $200 million add-on to its 8¾% senior notes due Dec. 1, 2020 (existing ratings Caa1/CCC+) on Tuesday, according to a syndicate source.

BofA Merrill Lynch, Citigroup Global Markets Inc., Deutsche Bank Securities, Morgan Stanley, Credit Suisse Securities, Macquarie, Goldman Sachs and HSBC are the joint bookrunners. Blackstone is the co-manager.

Proceeds from the Rule 144A with registration rights notes will be used for general corporate purposes.

Vivint is a security solutions provider.

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