Odigeo to start roadshow Monday for €325 million five-year notes

By Paul A. Harris

Portland, Ore., Jan. 18 - Spain-based online travel services provider Odigeo plans to start a roadshow on Monday to shop its €325 million offering of five-year senior secured notes (expected ratings B3/B), according to a market source.

The deal is expected to price mid-to-late in the Jan. 21 week.

Joint bookrunner Credit Suisse will bill and deliver. Goldman Sachs, Lloyds TSB, SG CIB and UBS are also joint bookrunners.

The Rule 144A and Regulation S notes come with two years of call protection and feature a three-year 35% equity clawback and a 101% poison put.

Proceeds will be used to refinance debt.

The issuing entity will be Geo Debt Finance SCA, a special purpose vehicle of the Barcelona-based company.

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