Michael Baker marketing $227.5 million 5.25-year secured notes

By Paul A. Harris

Portland, Ore., Nov. 7 – Michael Baker International, LLC is marketing $227,500,000 of 5.25-year senior secured notes in a Rule 144A and Regulation S for life offering that is set to price at the end of the Nov. 6 week, according to an informed source.

Jefferies LLC is the lead left bookrunner. SunTrust Robinson Humphrey Inc. and Citizens Bank are the joint bookrunners.

The notes come with 2.5 years of call protection.

The Pittsburgh-based provider of engineering, development, intelligence and technology solutions plans to use the proceeds to refinance debt including its 8¼% notes due 2018 and its 8 7/8% notes due 2019.

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