Advanstar starts roadshow for $400 million notes in two tranches

By Paul A. Harris

St. Louis, July 22 - Advanstar Communications Inc. began the roadshow Tuesday for a $400 million two-tranche offering of second priority senior secured notes (B-), according to an informed source.

The company intends to sell a tranche of fixed rate notes due 2010, which will be non-callable for four years, as well as a tranche of floating-rate notes due 2008.

Credit Suisse First Boston is the bookrunner on the Rule 144A deal. Fleet Securities is a co-manager.

Proceeds will be used to repay bank debt.

The prospective issuer is a Boston-based business information company.

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