Education Management to start roadshow Tuesday for $760 million two-part deal

By Paul A. Harris

St. Louis, May 8 - Education Management Corp. will begin a roadshow Tuesday for its $760 million two-part offering of notes, according to an informed source.

The offering is expected to price late in the week of May 15.

The Pittsburgh-based provider of private post-secondary education is offering a $320 million tranche of eight-year senior notes, which will come with four years of call protection.

The company is also offering a $440 million tranche of 10-year senior subordinated notes, which will come with five years of call protection.

Credit Suisse, Goldman Sachs & Co., Merrill Lynch & Co. and Banc of America Securities LLC are joint bookrunners for the Rule 144A with registration rights transaction.

Proceeds will be used to fund the acquisition of the company by an investor group led by Providence Equity Partners and Goldman Sachs Capital Partners.

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