New Issue: MDC Partners prices $80 million 11% four-year senior notes at 106 to yield 9.126%

By Paul A. Harris

Portland, Ore., Dec. 6 - MDC Partners Inc. priced $80 million of its 11% senior notes due Nov. 1, 2016 at 106 to yield 9.126%, a market source said on Thursday.

J.P. Morgan Securities LLC ran the books.

Proceeds will be used to repay bank debt and for general corporate purposes.

The issuer is a Toronto-based marketing and communications network.

Issuer:	MDC Partners Inc.
Face amount:	$80 million
Proceeds:	$84 million
Maturity:	Nov. 1, 2016
Securities:	Senior notes
Bookrunner:	J.P. Morgan Securities LLC
Co-managers:	BMO Capital Markets, Deutsche Bank Securities Inc., Goldman Sachs & Co., RBC Capital Markets LLC, UBS Securities LLC
Coupon:	11%
Price:	106
Yield:	9.126%
Spread:	869 bps
Call features:	Make-whole call at Treasuries plus 50 bps until Nov. 1, 2013, then callable at 105.5, 102.75, par on and after Nov. 1, 2015
Trade date:	Dec. 6
Settlement date:	Dec. 10
Distribution:	Rule 144A and Regulation S

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