Wind starts roadshow for €3.75 billion equivalent seven-year notes

By Paul A. Harris

Portland, Ore., April 4 - Wind Acquisition Finance SA began an international roadshow on Friday in New York for a €3.75 billion equivalent dual-tranche offering of seven-year notes, according to a market source.

The tranches are expected to be sized at €1.85 billion and $2.6 billion.

Subsequent roadshow presentations include London on Monday and Tuesday and Central Europe on Tuesday afternoon.

The deal is expected to price during the middle part of the week ahead.

Joint physical bookrunner Deutsche Bank will bill and deliver. Credit Suisse is also a joint physical bookrunner. BNP Paribas, Credit Agricole CIB and Banca IMI are joint global coordinators. Barclays, ING, SG CIB and UniCredit are joint lead bookrunners. Morgan Stanley and Natixis are joint bookrunners.

The Rule 144A and Regulation S notes come with three years of call protection.

The Rome-based telecommunications company plans to use the proceeds to refinance its PIK notes maturing in 2017.

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