Roadshow set Jan. 13 week for $720 million secured notes backing LBO of Volvo Rents

By Paul A. Harris

Portland, Ore., Jan. 10 - A $720 million offering of five-year second-lien notes backing the leveraged buyout of Volvo Rents will be marketed on an investor roadshow during the Jan. 13 week, market sources say.

The deal, via special purpose vehicle BlueLine Rental Finance, is expected to price before the end of the week.

BofA Merrill Lynch, Goldman Sachs & Co., Morgan Stanley & Co. LLC and Barclays are the joint bookrunners.

The notes come with two years of call protection.

Proceeds will be used to fund the acquisition of the Shippensburg, Pa.-based construction equipment rental company by Platinum Equity.

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