MediMedia to start roadshow Wednesday for $150 million eight-year notes

By Paul A. Harris

St. Louis, Oct. 24 - MediMedia USA, Inc. will start a roadshow on Wednesday for its $150 million offering of eight-year senior subordinated notes (Caa1/CCC+), according to market sources.

The offering is expected to price mid-to-late next week.

Goldman Sachs & Co. has the books for the Rule 144A note offering.

The notes will come with three years of call protection.

Proceeds, in addition to a $250 million credit facility, will be used to repay the bridge loan incurred to fund the acquisition of the company by Vestar Capital Partners from Cinven, The Carlyle Group and Apax Partners.

MediMedia is a Chatham, N.J.-based specialty health care communications company.

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