Team Health to start roadshow Tuesday for $265 million eight-year notes

By Paul A. Harris

St. Louis, Nov. 7 - Team Health, Inc. plans to begin a roadshow Tuesday for a $265 million offering of eight-year senior subordinated notes, according to market sources.

The roadshow is set to conclude Nov. 16, with pricing expected thereafter.

JP Morgan, Lehman Brothers and Merrill Lynch & Co. are bookrunners for the Rule 144A offering, which will have registration rights.

The notes come with four years of call protection.

Proceeds will be used to fund the leveraged buyout of the company by the Blackstone Group.

Knoxville, Tenn.-based Team Health is a provider of outsourced medical staffing, management, administrative and other support services.

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