Japan's eAccess to start roadshow Thursday for dollar-, euro-denominated seven-year notes

By Paul A. Harris

Portland, Ore., March 8 - Japan's eAccess Ltd. plans to start a roadshow on Thursday for a two-part offering comprised of dollar-denominated and euro-denominated seven-year senior notes, according to an informed source.

The deal size and tranche sizes remain to be determined.

UBS Investment Bank is the lead left bookrunner for the Rule 144A and Regulation S for life deal. ING and Credit Agricole CIB are the joint bookrunners.

The notes come with four years of call protection.

Credit ratings remain to be determined.

Proceeds, together with borrowings under the company's new senior secured credit facility, will be used to repay and terminate the company's old credit facilities.

The proceeds are to be escrowed pending funding under the new credit facility, which is expected on March 31.

The prospective issuer is a Tokyo-based provider of mobile broadband and voice services.

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