Extendicare Health to start roadshow Monday for $125 million 10-year notes

By Paul A. Harris

St. Louis, April 8 - Extendicare Health Services Inc. will hold a roadshow Monday to Wednesday for its $125 million offering of 10-year senior subordinated notes, according to a syndicate source.

Pricing is expected on Thursday.

Lehman Brothers is the bookrunner on the Rule 144A/Regulation S offering. Piper Jaffray and ABN Amro are co-managers.

The notes will come with five years of call protection.

Proceeds will be used to partially fund the tender for $200 million of the company's outstanding 9.35% senior subordinated notes due 2007.

The Milwaukee-based company, an operator of long-term care and home health care services, is a subsidiary of Extendicare Inc.

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