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Fortress/Drawbridge to sell $300 million seven-year bullet; pricing later this week
By Paul A. Harris
Portland, Ore., July 9 – Fortress/Drawbridge Fund plans to sell $300 million of non-callable senior notes due 2021 (expected BBB), according to an informed source.
An investor call was scheduled for 11:30 a.m. ET on Wednesday, and the Rule 144A and Regulation S for life deal is set to price later this week.
Wells Fargo Securities LLC is the left bookrunner for the deal, which is being run as a joint effort on the high-yield and investment-grade syndicate desks. Natixis is the joint bookrunner.
The issuing entities will be Drawbridge Special Opportunities Fund LP and Drawbridge Special Opportunities Finance Corp.
The New York-based private investment partnership plans to use the proceeds for general corporate purposes including new investment opportunities.
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