By Paul A. Harris
Portland, Ore., April 26 – Helios Software Holdings, Inc. and its parent, ION Corporate Solutions Finance Sarl, priced $350 million of seven-year senior secured notes (B2/B) at par to yield 4 5/8% on Monday, according to market sources.
The yield printed in the middle of the 4½% to 4¾% yield talk. Initial guidance was in the 5% area.
Credit Suisse was the left bookrunner. Standard Chartered was a joint bookrunner.
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.
| Issuers: | Helios Software Holdings, Inc./ION Corporate Solutions Finance Sarl
|
| Amount: | $350 million
|
| Maturity: | May 1, 2028
|
| Securities: | Senior secured notes
|
| Left bookrunner: | Credit Suisse
|
| Joint bookrunner: | Standard Chartered
|
| Coupon: | 4 5/8%
|
| Price: | Par
|
| Yield: | 4 5/8%
|
| Spread: | 337 bps
|
| First call: | May 1, 2024 at 102.313
|
| Trade date: | April 26
|
| Settlement date: | April 30
|
| Ratings: | Moody's: B2
|
| S&P: B
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 4½% to 4¾%
|
| Marketing: | Roadshow
|
|
|
© 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.
