Autodistribution sets roadshow for €237 million five-year notes offer

By Paul A. Harris

Portland, Ore., Oct. 23 – France-based Autodistribution Group plans to start a roadshow on Monday for a €237 million offering of five-year senior holdco pay-if-you-can notes (expected ratings Caa1/CCC+), according to a market source.

The roadshow wraps up on Thursday, and the Rule 144A and Regulation S for life deal is set to price thereafter.

Global coordinator JPMorgan will bill and deliver. Credit Suisse is also a global coordinator. BNP Paribas is the lead manager.

The notes become callable after one year at 101.

Proceeds will be used to help fund the buyout of Autodis SAS by Bain Capital LLC for approximately €600 million.

The issuing entity will be special purpose vehicle Dakar Finance SA.

Autodistribution is an Arcueil, France-based supplier of automobile and truck parts.

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