UGS PLM Solutions to start roadshow next week for $550 million eight-year notes

By Paul A. Harris

St. Louis, April 29 - UGS PLM Solutions Inc. will begin a roadshow during the week of May 3 for an offering of $550 million of eight-year senior subordinated notes, according to market sources.

The deal is expected to price on May 18.

Citigroup, JP Morgan and Morgan Stanley are joint bookrunners for the Rule 144A/Regulation S offering.

Proceeds will be used to help finance the acquisition of UGS PLM by BSW Holdings Inc. from Electronic Data Systems Corp. for $2.05 billion in cash.

The issuer is a Plano, Texas-based provider of product lifecycle management (PLM) software and related services.

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