Hong Kong-based Pacnet sets roadshow for $350 million five-year notes

By Paul A. Harris

Portland, Ore., Nov. 26 - Hong Kong-based telecom Pacnet Ltd. plans to start a roadshow on Wednesday in Singapore for a $350 million offering of five-year senior secured notes (expected ratings B2/B), according to market sources.

The roadshow moves to Hong Kong on Thursday and to London on Friday and will run in the United States during the post-Thanksgiving week.

DBS Bank, Deutsche Bank, Goldman Sachs and Standard Chartered are leading the deal.

The Rule 144A and Regulation S notes come with three years of call protection.

Pacnet plans to use the proceeds to refinance its 2015 notes.

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