Triad Financial to start roadshow Wednesday for $200 million eight-year notes

By Paul A. Harris

St. Louis, April 19 - Triad Acquisition Corp. (Triad Financial) will begin a roadshow on Wednesday for its $200 million offering of eight-year senior notes, according to an informed source.

Pricing is expected on April 27.

Goldman Sachs has the books for the Rule 144A/Regulation S offering, which has registration rights. Citigroup is the co-manager.

The notes will be non-callable for four years.

Proceeds will be used to help fund the buyout of Triad Financial by Goldman Sachs Capital Partners, Hunters Glen and GTCR Golder Rauner from Ford Motor Co.

The Huntington Beach, Calif., company lends money to subprime borrowers.

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