Quintiles starts roadshow for $450 million 10-year notes on Sept. 3

By Paul A. Harris

St. Louis, Aug. 27 - Quintiles Transitional Corp. begins the roadshow on Sept. 3 for a $450 million offering of senior subordinated notes due 2013 (B3/expected B), according to informed sources.

The deal is expected to price on Sept. 12, the sources added.

Citigroup is the bookrunner on the Rule 144A with registration rights offering.

Proceeds from the sale of the 10-year non-call-five notes will be used to help fund the leveraged buyout of the company by One Equity Partners, LLC and to repay debt.

The company is a Research Triangle Park, N.C.-based service provider to the healthcare industry.

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