Mood Media starts roadshow for $350 million eight-year senior notes

By Paul A. Harris

Portland, Ore., Oct. 9 - Mood Media Corp. began a roadshow on Monday for a $350 million offering of eight-year senior notes, according to an informed source.

The deal is expected to price during the Oct. 15 week.

Credit Suisse Securities (USA) LLC and Jefferies & Co. are the joint bookrunners.

The Rule 144A and Regulation S for life notes become callable in three years at par plus 75% of the coupon. The notes feature a three-year 35% equity clawback and a 101% poison put.

The Toronto-based in-store music, visual and scent media specialist plans to use the proceeds to repay existing debt under its first-lien credit facility, to repay its second-lien credit facility in its entirety, to finance the Independence Media, Inc. acquisition and for general corporate purposes.

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