RailAmerica marketing $700 million eight-year secured notes offering

By Paul A. Harris

St. Louis, June 15 - RailAmerica Inc. plans to price a $700 million offering of eight-year senior secured notes (B1) this week, according to a market source.

A brief roadshow will run through Wednesday. The notes are expected to be priced on Thursday.

Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Morgan Stanley & Co. Inc. and Wachovia Securities LLC are joint bookrunners.

Proceeds will be used to repay term loan debt, to repay a swap and for general corporate purposes.

The issuer is a Jacksonville, Fla.-based short-line and regional rail service provider.

© 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.