Lendmark Financial to price $300 million five-year notes on Tuesday; talk low-to-mid 6% area

By Paul A. Harris

Portland, Ore., Sept. 13 – Lendmark Financial Services LLC plans to price a $300 million offering of senior notes due September 2026 on Tuesday, according to market sources.

The deal, which was set to kick off on a Monday conference call with investors, is in the market with initial guidance in the low-to-mid 6% area, a trader said.

Goldman Sachs & Co. LLC is the left bookrunner. BMO Capital Markets Corp. and RBC Capital Markets LLC are the joint bookrunners.

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

The issuing entity will be LFS Topco LLC.

The Lawrenceville, Ga.-based financial services company plans to use the proceeds to pay off its senior subordinated credit facility, with the remainder to be used for general corporate purposes, including potential acquisitions.

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