Global Infrastructure to price $300 million 10-year notes on Tuesday; talk low-to-mid 7% area

By Paul A. Harris

Portland, Ore., April 4 – Global Infrastructure Solutions Inc. plans to price a $300 million offering of 10-year senior notes (B1/BB-) on Tuesday, according to a syndicate source.

The deal, set to kick off on a Monday conference call with investors, is in the market with initial guidance in the low-to-mid 7% area.

BofA Securities, Inc., J.P. Morgan Securities LLC and HSBC Securities (USA) Inc. are the joint bookrunners. BMO Capital Markets Corp., M&T, TD Securities (USA) LLC, Capital One Securities Inc. and U.S. Bancorp Investments Inc. are the co-managers.

The Rule 144A and Regulation S notes become callable after five years at par plus 50% of the coupon.

The New York-based engineering and construction management company plans to use the proceeds for general corporate purposes, including funding organic and acquisitive growth.

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