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
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Amount: | $350 million
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Maturity: | May 1, 2028
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Securities: | Senior secured notes
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Left bookrunner: | Credit Suisse
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Joint bookrunner: | Standard Chartered
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Coupon: | 4 5/8%
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Price: | Par
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Yield: | 4 5/8%
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Spread: | 337 bps
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First call: | May 1, 2024 at 102.313
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Trade date: | April 26
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Settlement date: | April 30
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Ratings: | Moody's: B2
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| S&P: B
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Distribution: | Rule 144A and Regulation S
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Price talk: | 4½% to 4¾%
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Marketing: | Roadshow
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