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AV Homes to start roadshow Thursday for $200 million five-year notes
By Paul A. Harris
Portland, Ore., June 18 – AV Homes Inc. plans to start a roadshow on Thursday for a $200 million offering of five-year senior notes (expected ratings Caa1/B-), according to a market source.
The deal is set to price on Tuesday.
J.P. Morgan Securities LLC, Citigroup Global Markets Inc., RBC Capital Markets, Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. are the joint bookrunners for the Rule 144A and Regulation S for life deal.
The notes come with two years of call protection.
The Kissimmee, Fla.-based homebuilder plans to use the proceeds for general corporate purposes, including land purchases, land development, home-building and acquisitions.
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