TitleMax to price $125 million tap of 8½% notes due 2018 on Thursday

By Paul A. Harris

Portland, Ore., April 10 - TitleMax Finance Corp. plans to price a $125 million add-on to its 8½% senior secured notes due Sept. 15, 2018 (B3/B) on Thursday, according to an informed source.

A late morning conference call has been scheduled with investors.

The notes will be issued through the company's TMX Finance LLC unit.

Jefferies LLC and Morgan Stanley & Co. are the joint bookrunners for the Rule 144A and Regulation S for life offer.

The notes become callable on Sept. 15, 2015 at 106.375.

The Savannah, Ga.-based auto title lending company plans to use the proceeds for general corporate purposes.

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