Nord Anglia Education sets roadshow for CHF 235 million seven-year secured notes

By Paul A. Harris

Portland, Ore., June 12 – Nord Anglia Education Finance LLC plans to start a roadshow on Monday for a CHF 235 million offering of seven-year senior secured notes (B1/B+), according to a market source.

Credit Suisse, Goldman Sachs, Deutsche Bank and HSBC are managing the sale.

The notes come with three years of call protection.

Proceeds, together with additional debt and new equity, will be used to fund the acquisition of six schools from Meritas Schools Holdings LLC.

Nord Anglia is an international educational services provider based in the United Kingdom.

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