Solera sets roadshow for $2.03 billion equivalent eight-year notes offering backing LBO by Vista

By Paul A. Harris

Portland, Ore., Feb. 8 – Solera, LLC and Solera Finance, Inc. plan to start an international roadshow on Wednesday in London for a $2.03 billion equivalent offering of eight-year senior notes, according to a syndicate source.

The Rule 144A and Regulation S for life deal is coming in tranches of euro-denominated and dollar-denominated notes, with tranche sizes to be determined.

The roadshow continues in London on Thursday, then moves to Paris and Frankfurt on Friday.

A roadshow in the United States is scheduled to begin in the week of Feb. 15.

The deal is set to price during the week of Feb. 22.

Goldman Sachs & Co. is the left bookrunner. Citigroup Global Markets Inc., Jefferies LLC, Macquarie Capital, Nomura and UBS Investment Bank are the joint bookrunners.

Guggenheim and KKR Capital Markets are the co-managers.

The notes become callable after three years at par plus 75% of the coupon.

Proceeds will be used to fund the buyout of Solera Holdings, Inc., a Westlake, Texas-based provider of software and services to the automobile insurance industry, by Vista Equity Partners.

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