Victra to price $50 million tap of 7¾% notes due 2026 on Thursday

By Paul A. Harris

Portland, Ore., May 6 – Victra Finance plans to price a $50 million add-on to the LSF9 Atlantis Holdings, LLC and Victra Finance Corp. 7¾% senior secured notes due Feb. 15, 2026 in a Thursday drive-by trailing a conference call with investors, according to an informed source.

Truist Securities Inc. is the left bookrunner. UBS Securities LLC is the joint bookrunner.

The Rule 144A and Regulation S for life notes become callable on Feb. 15, 2023 at 103.875.

The Raleigh, N.C.-based retailer of wireless products and services plans to use the proceeds to fund distribution to is shareholders.

The original $600 million issue priced in February 2021.

The add-on notes will become fungible with original notes.

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