Local TV to start roadshow Wednesday for $190 million eight-year notes

By Paul A. Harris

St. Louis, April 23 - Local TV Finance LLC will start a roadshow on Wednesday for its $190 million offering of eight-year senior toggle notes, according to an informed source.

The roadshow is scheduled to conclude on May 1, with pricing expected on May 2.

UBS Investment Bank is the left bookrunner for the Rule 144A for life notes. Deutsche Bank Securities is the joint bookrunner.

The notes come with four years of call protection.

Proceeds will be used to partially fund Oak Hill Capital Partners' acquisition of nine local TV stations formerly owned by the New York Times Broadcast Media Group.

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