Aviv to start roadshow Tuesday for $200 million eight-year notes

By Paul A. Harris

Portland, Ore., Jan. 24 - Aviv Healthcare Properties LP, in conjunction with Aviv Healthcare Capital Corp., will hold a roadshow from Tuesday to Friday for their $200 million offering of eight-year senior notes, according to an informed source.

The Rule 144A with registration rights deal is expected to price on Friday.

Bank of America Merrill Lynch, Morgan Stanley & Co. Inc. and RBC Capital Markets are the joint bookrunners.

Citigroup Global Markets Inc. is the senior co-manager. Stifel Nicolaus is the co-manager.

The notes come with four years of call protection and a 101% poison put.

High single B credit ratings are expected.

The Chicago-based owner of skilled nursing facilities plans to use the proceeds to repay drawings under its acquisition credit line and to partially repay its mortgage term loan.

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