Rocket Software to price $500 million eight-year notes on Friday

By Paul A. Harris

Portland, Ore., Jan. 26 – Rocket Software Inc. began marketing $500 million of eight-year senior notes (expected ratings Caa2/CCC+) on a mid-morning conference call with investors on Tuesday, according to an informed source.

The Rule 144A and Regulation S deal is expected to price on Friday.

Bookrunner RBC Capital Markets LLC will bill and deliver.

The notes come with three years of call protection.

The Waltham, Mass.-based provider of enterprise infrastructure software plans to use the proceeds to finance an acquisition and to repay existing debt.

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