Emdeon reopens US HY market for LBOs, Acadia roadshows
Emdeon, a US processor of healthcare transactions, raised $375m of unsecured bonds on Friday, having cut short the planned roadshow. The deal is the first LBO-linked bond to be sold for several weeks.
Bookrunners Bank of America Merrill Lynch (left lead on the loans), Barclays Capital (left lead on the bonds), Citigroup, Goldman Sachs and SunTrust Robinson priced the December 2019 notes at par with an 11% coupon.
Issued through Beagle Acquisition Corp, the bonds are rated Caa1/CCC+. The notes broke
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