QualityTech to price $350 million eight-year notes on Wednesday

By Paul A. Harris

Portland, Ore., Oct. 25 – QualityTech, LP and QTS Finance Corp. (QTS) plan to price a $350 million offering of eight year senior notes (existing ratings B1/BB) on Wednesday, trailing a mid-morning conference call with investors, according to a syndicate source.

Morgan Stanley & Co. LLC, Jefferies LLC, TD Securities (USA) LLC, BofA Merrill Lynch, Deutsche Bank Securities Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC, KeyBanc Capital Markets, MUFG, Regions, Stifel Nicolaus & Co. Inc. and SunTrust Robinson Humphrey Inc. are the joint bookrunners for the Rule 144A and Regulation S for life offering.

Capital One, Mizuho Securities, PNC Capital Markets and Synovus are the co-managers.

The notes become callable after three years at par plus 75% of the coupon.

The Overland Park, Kan.-based provider of data center solutions and fully managed services for enterprise businesses plans to use the proceeds to redeem its 5 7/8% senior notes and to repay a portion of the amount drawn under its revolving credit facility.

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