Thomson Learning to start roadshow for $2.14 billion three-part note offering June 11 week

By Paul A. Harris and Sara Rosenberg

St. Louis, May 29 - Thomson Learning will begin a roadshow during the week of June 11 for a $2.14 billion three-part offering of notes, according to a market source.

The Stamford, Conn., publisher of textbooks and other learning products will offer $1.35 billion of senior unsecured toggle notes, $250 million of senior subordinated notes and $540 million holdco pay-in-kind notes, according to the source.

RBS Greenwich Capital, Citigroup and UBS Investment Bank will run the books.

The company will also put in place $3.74 billion new credit facilities.

Proceeds will be used to fund the acquisition of the company by Apax Partners and OMERS Capital Partners.

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