Emerald Expo talks $200 million eight-year notes to yield 8½%-8¾%

By Paul A. Harris

Portland, Ore., June 11 - Emerald Exposition Holdings (Emerald Expo) talked its $200 million offering of eight-year senior notes (Caa2/B-) to yield 8½% to 8¾%, a market source said on Tuesday.

Books are scheduled to close at noon ET on Wednesday, and the deal is set to price thereafter.

Goldman Sachs & Co., BofA Merrill Lynch, Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, RBC Capital Markets and UBS Investment Bank are the dealers for the Rule 144A for life transaction.

The notes will be non-callable for three years.

Proceeds will be used to help fund the acquisition of Nielsen Expositions by Onex Corp. from Nielsen Holdings NV.

Emerald Expo, formerly known as Nielsen Business Media Holding Co., is a San Juan Capistrano, Calif.-based operator of large, business-to-business tradeshows.

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