Radiology Partners to shop $610 million eight-year notes on Tuesday

By Paul A. Harris

Portland, Ore., Jan. 17 – Radiology Partners, Inc. plans to shop a $610 million offering of eight-year senior notes at an investor lunch set to get underway at noon ET on Tuesday in New York City, according to a market source.

Further details on the marketing and timing of the deal were pending at press time.

Barclays is the left lead bookrunner in the Rule 144A and Regulation S for life offering. Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC, Fifth Third Securities Inc. and BofA Securities Inc. are the joint bookrunners.

The notes become callable after three years at par plus 50% of the coupon. They feature a three-year 40% equity clawback at par plus the coupon and a 101% poison put.

The El Segundo, Calif.-based hospital-based radiology services provider plans to use the proceeds to pay off its revolver and second-lien term loan and for general corporate purposes.

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