The roadshows for Goldman Sachs' and Wells Fargo's deal for PETCO Animal Supplies, the Goldman and First Union deal for Relizon, and the Credit Suisse First Boston and J.P. Morgan deal for Collins & Aikman are reportedly set to continue in the coming weeks after being postponed. A banker involved in the Relizon and PETCO deals said, "We do want to press ahead with things." PETCO was in the middle of a roadshow and Relizon was about to launch one during the week of the terrorist attacks in New York and Washington. Pricing will remain the same on both deals, said the source. The banker could not provide a timeframe for the resumption.
Vicki Crispens, spokeswoman for First Union said the banks had not yet finalized the roadshow for Relizon. Joe Lipscomb, principal of the Carlyle Group, sponsor on the Relizon deal, did not return phone calls. A banker said he expects Collins & Aikman to pop back on the schedule in the next couple of weeks. Calls made to J.P. Morgan spokeswoman, Leigh Pierce, regarding the $1 billion deal for Collins & Aikman were not returned.Sandy Thomas, director of investor relations at Collins & Aikman, did not return calls.
The PETCO deal is $270 million, split between a $75 million revolver priced at LIBOR plus 3% and a $195 million term loan "B" that carries a spread of LIBOR plus 31/ 2%. The deal backed the leveraged buyout by Leonard Green & Partners and Texas Pacific Group.