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Kansas City Southern starts roadshow Tuesday for $150 million seven-year notes
By Paul A. Harris
St. Louis, Mo., May 30 - Kansas City Southern Railway Corp. starts the roadshow Tuesday for $150 million of senior notes due 2009 (existing: Ba2/BB-), according to a syndicate source.
The roadshow wraps up and pricing is expected on June 5.
Morgan Stanley is the bookrunner. Co-managers are JP Morgan, Deutsche Bank Securities Inc., Banc One Capital Markets and Scotia Capital.
Proceeds from the Rule 144A bullets will be used to repay bank debt.
The Kansas City, Mo.-based company owns and operates a railroad system serving the U.S. and Mexico.
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