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Acuris starts roadshow for $350 million seven-year secured notes; initial talk 5%-5¼%
By Paul A. Harris
Portland, Ore., May 5 – Acuris Finance US, Inc. started a roadshow on Wednesday for a $350 million offering of seven-year senior secured notes, according to a market source.
Initial guidance has the deal coming to yield 5% to 5¼%.
J.P. Morgan Securities LLC is the lead.
The Rule 144A and Regulation S notes come with three years of call protection.
The financial services provider plans to use the proceeds to repay bank debt and for general corporate purposes.
Pricing is expected on Friday.
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