Stratus Technologies to sell $215 million secured notes via Jefferies

By Paul Deckelman

New York, March 23 - Stratus Technologies, Inc. plans to sell $215 million of five-year senior secured notes, syndicate sources said on Tuesday.

A roadshow for the deal began on Tuesday and will run through next Wednesday, March 31, with pricing anticipated after that, the sources added.

The bonds, which will be non-callable for the first three years, will be distributed via Rule 144A, without registration rights.

The deal will come to market via bookrunner Jefferies & Co.

Stratus, a Maynard, Mass.-based information technology company that operates computer network servers, plans to use the deal proceeds to repay certain outstanding bank debt.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.