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Centerfield sets Friday investor call for $785 million five-year secured notes offering
By Paul A. Harris
Portland, Ore., July 8 – Los Angeles-based technology company Centerfield scheduled a conference call with investors starting at 10 a.m. ET on Friday for its $785 million offering of five-year senior secured notes (B2/B), according to a syndicate source.
A roadshow for the deal is scheduled to run through July 15.
BofA Securities Inc. is the left bookrunner. Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., PNC Capital Markets LLC and Stifel Nicolaus & Co. Inc. are the joint bookrunners.
The Rule 144A for life notes become callable after two years at par plus 50% of the coupon. A special call provision allows the issuer to redeem 10% of the notes annually at 103 during the non-call period.
The issuing entity will be Millennium Escrow Corp. to be merge with and into Centerfield Media Parent, Inc.
Proceeds plus cash on hand and a draw on the revolver will be used to fund the acquisition of Datalot and refinance debt.
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