GeoEye starts roadshow Friday for $350 million six-year secured notes

By Paul A. Harris

St. Louis, Sept. 17 - GeoEye, Inc. will start a roadshow Friday for an offering of $350 million senior secured notes due 2015 (B1/B+), according to an informed source.

The roadshow is set to conclude on Thursday.

JP Morgan and Bank of America Merrill Lynch are joint bookrunners for the Rule 144A/Regulation S deal. Jefferies & Co., Deutsche Bank Securities, Canaccord Adams, Dougherty & Co. and SMH are co-managers.

The notes come with four years of call protection.

Proceeds will be used to fund the previously announced tender for the company's $250 million of floating-rate senior secured notes due 2012, and for general corporate purposes, which may include funding a portion of the costs of constructing a new high-resolution satellite.

The Dulles, Va.-based company is a provider of imagery, imagery information products and image processing services.

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