Glentel plans roadshow for C$200 million five-year senior notes

By Paul A. Harris

Portland, Ore., Aug. 27 – Glentel Inc. plans to present its C$200 million offering of five-year senior notes to investors on a roadshow set to take place during the Sept. 1 week, according to an informed source.

The deal, which is formatted as a Rule 144A offering in the United States and as a private placement in Canada, is expected to price late in the Sept. 1 week or early in the Sept. 8 week.

BMO Nesbitt Burns Inc. and CIBC World Markets Inc. are the joint bookrunners. Scotia Capital Inc. and Canaccord Genuity Corp. are the co-managers.

The notes come with two years of call protection.

Proceeds will be used to repay bank debt and for general corporate purposes.

Glentel is a Burnaby, B.C.-based provider of wireless systems and hardware, rental equipment, and system implementation services.

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