NCO to start roadshow Tuesday for $365 million two-part note offering

By Paul A. Harris

St. Louis, Oct. 30 - NCO Group Inc. will begin a roadshow on Tuesday for its $365 million two-part note offering, according to an informed source.

The Horsham, Pa., provider of business outsourcing services is offering $165 million of seven-year senior floating-rate notes, which will become callable in year two at 102.

NCO also is offering $200 million of eight-year senior subordinated fixed-rate notes that will come with four years of call protection.

The offering is expected to price mid-to-late in the week of Nov. 6.

Morgan Stanley, JP Morgan and Banc of America Securities LLC are joint bookrunners for the Rule 144A deal.

Proceeds will be used to help fund the $1.26 billion leveraged buyout of the company by chairman and chief executive officer Michael J. Barrist in partnership with One Equity Partners II LP.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.