MDC Partners to sell $800 million eight-year notes for refinancing

By Paul A. Harris

Portland, Ore., March 17 – MDC Partners Inc. is expected to price an $800 million offering of eight-year senior notes (expected ratings B3/B+) on Friday, according to a market source.

An investor call was scheduled to take place late Thursday morning.

J.P. Morgan Securities LLC and Wells Fargo Securities LLC are the joint bookrunners for the Rule 144A for life and Regulation S offer.

The notes come with three years of call protection.

The New York-based marketing and communications network services provider plans to use the proceeds, together with cash on hand and/or drawdowns on its amended and restated senior secured revolver, to redeem all $735 million of its outstanding 6¾% senior notes due 2020.

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