Speedway Motorsports starts roadshow Tuesday for $210 million 10-year notes

By Paul A. Harris

St. Louis, May 5 - The roadshow starts Tuesday for Speedway Motorsports Inc.'s offering of $210 million senior subordinated notes due 2013 (existing ratings Ba2/B+), according to a syndicate source.

Marketing is expected to conclude Thursday, with pricing to take place late in the week of May 5, the source added.

The underwriting syndicate includes Banc of America Securities, Wachovia Securities, Inc. and Credit Lyonnais.

The Rule 144A notes are non-callable for five years.

The Concord, N.C.-based motor sports race track operator will also obtain a new credit facility.

Proceeds will be used to redeem its $250 million of 8½%% senior subordinated notes due 2007.

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