World Directories begins U.S. roadshow for €545 million two-part 10-year notes offer

By Paul A. Harris

St. Louis, Nov. 19 - The U.S. roadshow began Friday for WDAC Subsidiary Corp. (World Directories) €545 million equivalent offering of 10-year non-call-five senior notes, according to a market source.

The deal will be sold in dollar and euro tranches.

The U.S. roadshow runs through Monday and will be followed by a Nov. 23-29 European roadshow.

JP Morgan, Goldman Sachs & Co. and Credit Suisse First Boston are joint bookrunners for the Rule 144A/Regulation S (no registration rights) offering.

Proceeds will be used to repay bank debt incurred in funding acquisition of VNU's World Directories Group by Apax Partners and Cinven.

The Netherlands-based company produces telephone books and Yellow Pages directories in print and on-line in Belgium, The Netherlands, Ireland, Portugal, Romania, Puerto Rico and South Africa.

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