Ardent Health Services to start roadshow Wednesday for $150 million 10-year notes

By Paul A. Harris

St. Louis, July 28 - Ardent Health Services, LLC begins the roadshow Wednesday for an offering of $150 million senior subordinated notes due 2013, according to an informed source.

The deal is expected to priced mid-to-late during the week of August 4, the source added.

Banc of America Securities and UBS Investment Bank are joint bookrunners on the Rule 144A deal. Banc One Capital Markets and Merrill Lynch & Co. are co-managers.

Proceeds from the 10-year non-call-five notes will be used to repay existing debt

The company is a healthcare services provider based in Nashville, Tenn.

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