BBA Aviation starts roadshow for $500 million eight-year notes

By Paul A. Harris

Portland, Ore., April 16 – BBA Aviation started a roadshow on Monday for a $500 million offering of eight-year senior notes, according to a market source.

Initial price talk has the deal coming to yield 5½% to 5¾%.

Pricing is expected on Friday.

J.P. Morgan Securities LLC, Barclays, BofA Merrill Lynch, HSBC, NatWest, SMBC Nikko and SunTrust Robinson Humphrey Inc. are the joint bookrunners for the Rule 144A for life offering.

The notes come with three years of call protection.

The London-based aviation support and aftermarket services provider plans to use the proceeds to repay debt and for general corporate purposes.

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