TitleMax Finance plans to sell $500 million five-year secured notes

By Paul A. Harris

Portland, Ore., July 10 - TitleMax Finance Corp., in conjunction with TMX Finance LLC, plans to hold a conference call with investors at 12:30 p.m. ET on Thursday to discuss a proposed $500 million offering of five-year senior secured notes, according to an informed source.

A roadshow for the deal is set to run through the week ahead.

Group meetings are scheduled for New York on Thursday and Boston on Friday.

Jefferies LLC and Morgan Stanley & Co. LLC are the joint bookrunners.

The notes become callable in two years at par plus 75% of the coupon.

The Savannah, Ga.-based auto title lending company plans to use the proceeds to refinance debt.

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