Globo to offer $180 million five-year senior secured notes; investor calls begin Friday

By Paul Deckelman

New York, June 19 – Globo plc plans to offer senior secured notes and will be conducting a series of investor calls in the United States and the United Kingdom beginning Friday to market the potential deal, high-yield syndicate sources said.

One of the sources said he had heard the company would offer $180 million of five-year notes, carrying two years of call protection.

The notes would be offered for sale under Rule 144A and Regulation S.

Globo, a London-based international provider of enterprise mobility management, mobile solutions and software as a service, said proceeds from its note offering will primarily be used to fund further acquisitions that support the company’s international expansion strategy in its key growth markets. Additionally, proceeds will be used to repay existing debt and for general corporate purposes.

RBC Capital Markets Corp. is the nominated adviser and broker for the offering, with Canaccord Genuity Corp. as co-broker.

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