Sweden's Com Hem to start roadshow on Tuesday for €287 million notes

By Paul A. Harris

Portland, Ore., Oct. 31 - Swedish cable operator Com Hem will begin a roadshow on Tuesday in London for a €287 million offering of eight-year senior unsecured notes (expected ratings Caa1/CCC+), market sources say.

The euro offering comes on the heels of the company's successful placement of Swedish kroner-denominated secured notes late last week.

Goldman Sachs International, Deutsche Bank AG, Morgan Stanley, UBS AG, Bank of America Merrill Lynch and Nordea are the joint bookrunners.

Proceeds will be used to help fund BC Partners' acquisition of Com Hem from Carlyle Group.

Last Thursday Com Hem priced an SEK 3.5 billion issue of 9¼% seven-year senior secured notes (B1/B) at 96.938 to yield 9 7/8%. That deal was also part of the acquisition financing.

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