OSI Restaurant to start roadshow Tuesday for $700 million eight-year notes

By Paul A. Harris

St. Louis, April 13 - OSI Restaurant Partners, LLC will begin a roadshow on Tuesday for its $700 million offering of eight-year senior notes, according to an informed source.

The roadshow is set to conclude on April 26.

Banc of America Securities LLC and Deutsche Bank Securities are joint bookrunners for the Rule 144A with registration rights offering. ABN Amro, GE Capital Markets, Rabo Securities, SunTrust Robinson Humphrey and Wells Fargo Securities are co-managers.

The notes will come with four years of call protection.

The company will also put in place $1.35 billion of credit facilities.

Proceeds will be used to help fund the leveraged buyout of the company by an investor group comprised of Bain Capital Partners, LLC, Catterton Partners and company founders Chris T. Sullivan, Robert D. Basham and J. Timothy Gannon.

The issuer is a Tampa, Fla., casual dining restaurant company.

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