Stallion Oilfield to hold roadshow for $225 million five-year first-lien notes Feb. 1 week

By Paul A. Harris

St. Louis, Feb. 3 - Stallion Oilfield Holdings, Inc. is on the road with a $225 million offering of five-year first-lien senior secured notes this week, according to an informed source.

Pricing is set for the Feb. 8 week.

Credit Suisse Securities, Bank of America Merrill Lynch and Jefferies & Co. are joint bookrunners for the Rule 144A with registration rights offering.

The notes come with three years of call protection. However, 10% of the issue is callable annually at 103 during the non-call period.

The notes also come with a three-year 35% equity clawback and a put provision at 101% should the company undergo a ratings decline or a change of control.

Proceeds will be used to refinance the company's senior secured credit facility and for general corporate purposes.

Stallion is a Houston-based oilfield services provider focused on wellsite support and construction and logistics services.

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