Encore Medical roadshow starts Wednesday for $215 million eight-year notes

By Paul A. Harris

St. Louis, Oct. 17 - Encore Medical Finance LLC will begin a roadshow on Wednesday for its $215 million offering of eight-year senior subordinated notes (Caa1/CCC+), according to an informed source.

The roadshow is set to conclude on Aug. 26.

Banc of America Securities LLC and Credit Suisse are joint bookrunners for the notes, which are being marketed via Rule 144A with registration rights.

The notes come with four years of call protection.

The Austin, Texas-based orthopedic implant manufacturer is also putting in place a $375 million credit facility.

Proceeds will be used to help fund the acquisition of Encore Medical by The Blackstone Group.

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