TMX Finance sets roadshow for $450 million five-year secured notes

By Paul A. Harris

Portland, Ore., May 16 – TMX Finance LLC plans to start a roadshow on Thursday in New York for a $450 million offering of five-year senior secured notes, according to an informed source.

An investor conference call is also scheduled for Thursday.

The roadshow continues on Friday in New York and New Jersey, travels to Los Angeles on Monday and to Boston on Tuesday. Further details on the roadshow are pending.

Jefferies LLC is the bookrunner for the Rule 144A and Regulation S for life offering.

The notes become callable in two years at par plus 50% of the coupon.

The Savannah, Ga.-based consumer finance company plans to use the proceeds to refinance its 8½% senior secured notes due Sept. 15, 2018.

TMX is the parent company to brands including TitleMax, TitleBucks, EquityAuto Loan and InstaLoan.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.