Linens 'n Things to start roadshow Monday for $650 million eight-year floater

By Paul A. Harris

St. Louis, Jan. 27 - Linens 'n Things Inc. will begin a brief roadshow on Monday for its $650 million offering of eight-year senior secured floating-rate notes, according to a market source.

The roadshow is scheduled to conclude on Thursday.

Bear Stearns & Co. and UBS Investment Bank are joint bookrunners.

The notes will come with two years of call protection.

The Clifton, N.J., retailer of home textiles, housewares and home accessories is also obtaining a $600 million credit facility.

Proceeds will be used to help fund the leveraged buyout of the company by Apollo Management and co-investors, including NRDC Real Estate Advisors I LLC.

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