BakerCorp. International to start roadshow Wednesday for $240 million eight-year senior notes

By Paul A. Harris

Portland, Ore., May 9 - BakerCorp International, Inc. plans to start a roadshow on Wednesday for a $240 million offering of eight-year senior notes, according to an informed source.

The Rule 144A with registration rights deal is set to price early in the week ahead.

Morgan Stanley & Co. Inc. and Deutsche Bank Securities Inc. are the joint bookrunners.

Then notes come with three years of call protection.

Credit ratings remain to be determined.

Proceeds will be used to partially fund the acquisition of BakerCorp by Permira.

BakerCorp is a Moon Township, Pa., engineering design and related consulting services provider for public and private sector clients.

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