Roundy's to start roadshow on Monday for $200 million seven-year notes; pricing Dec. 9 week

By Paul A. Harris

Portland, Ore., Dec. 6 - Roundy's Supermarkets, Inc. plans to begin a roadshow on Monday for its $200 million offering of seven-year senior secured second-lien notes, according to an informed source.

The deal is set to price late in the week ahead.

Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC are the joint bookrunners for the Rule 144A and Regulation S for life offer.

The notes become callable after three years at par plus 75% of the coupon and feature a three-year 35% equity clawback and a 101% poison put.

The Milwaukee-based supermarket chain plans to use the proceeds to fund the acquisition of Dominick's stores and repay debt.

© 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.