MediMedia $150 million senior subordinated notes are fall business

By Paul A. Harris

St. Louis, Sept. 11 - MediMedia is expected to sell $150 million of senior subordinated notes during the fall, according to an informed source.

Goldman Sachs & Co. will run the books.

The company will also obtain a $250 million credit facility, which will be led by Goldman Sachs and Credit Suisse.

Proceeds from the deal will be used to help fund the acquisition of the company by Vestar Capital Partners and management from Cinven, The Carlyle Group and Apax Partners.

The transaction is expected to close in early October, pending regulatory clearances.

MediMedia is a Chatham, N.J.-based specialty health care communications, publishing and patient education company.

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