Haights Cross to start roadshow for $340 million notes in two-tranches during July 21 week

By Paul A. Harris

St. Louis, July 18 - Haights Cross Communications roadshow is expected to commence the roadshow early in the week of July 21 for a $340 million offering comprised of $260 million of senior notes due 2011 (Caa1/B-) and $80 million of senior discount notes due 2013 (Caa2/B-), according to an informed source. The deal is expected to price late in the July 21 week.

Bear Stearns & Co. will be the bookrunner on the Rule 144A deal.

Proceeds will be used to repay debt and redeem $105 million of preferred shares.

The company is a White Plains, N.Y. publisher of educational and professional material.

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