Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for EMI Publishing Group North America Holdings Inc. > News item |
EMI talks $350 million eight-year senior notes to yield 7½%-7¾%; pricing Thursday
By Paul A. Harris
Portland, Ore., May 25 – EMI Publishing Group North America Holdings Inc. talked its $350 million offering of eight-year senior notes (B3/B) to yield 7½% to 7¾%, an informed source said on Wednesday.
Books close at 12:30 p.m. ET on Thursday, and the Rule 144A and Regulation S offering is set to price thereafter.
Goldman Sachs & Co. is the left bookrunner. UBS Investment Bank is the joint bookrunner.
The notes come with three years of call protection.
The London-based publishing company plans to use the proceeds plus cash on hand to redeem its 12½% senior notes due 2020.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.