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Advent’s Al Candelaria taps banks, sets roadshow for dollar notes
By Rebecca Melvin
New York, Oct. 12 – Al Candelaria, an investment vehicle wholly owned by Advent International, has mandated Citigroup and Credit Suisse to arrange a series of fixed income investor meetings regarding an offering of U.S. dollar-denominated senior secured notes (expected ratings: BB-/BBB-), according to a market source.
A three-team roadshow for the Rule 144A and Regulation S notes starts on Friday, with meetings in Latin America, Europe and the United States. Meetings are scheduled to wrap up on Oct. 17, with pricing of a deal to follow, subject to market conditions.
Boston-based Advent is private equity firm that owns 22.4% of Colombian pipeline company Oleoducto Central SA, or Ocensa.
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