Helios Software, ION start roadshow for $350 million seven-year notes

By Paul A. Harris

Portland, Ore., April 22 – Helios Software Holdings, Inc. and its parent, ION Corporate Solutions Finance Sarl, started a roadshow on Thursday for a $350 million offering of seven-year senior secured notes, according to market sources.

The deal is set to price on Monday.

Initial guidance has the notes coming to yield in the 5% area, a trader said.

Credit Suisse is the left bookrunner. Standard Chartered is the joint bookrunner.

The Rule 144A and Regulation S notes become callable after three years at par plus 50% of the coupon and feature a three-year 40% equity clawback and a 101% poison put.

Proceeds will be used to pay down the existing credit facility and for general corporate purposes.

Helios Software is a Boston-based health care product development company. Management firm ION has headquarters in Dublin, Ireland.

5% area

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