Brand Energy sets early afternoon investor call for $550 million notes due 2021; pricing Thursday

By Paul A. Harris

Portland, Ore., Nov. 18 - Brand Energy & Infrastructure Services, Inc., the successor to Bullseye Merger Sub, Inc., has planned an investor lunch in New York, as well as an investor conference call to get under way at 12:30 p.m. ET Monday, according to a syndicate source.

The company is offering $550 million of senior notes due 2021 (expected ratings Caa1/CCC+).

The deal is expected to price on Thursday.

Morgan Stanley & Co., Citigroup Global Markets Inc., Goldman Sachs & Co., UBS Investment Bank, HSBC Securities (USA) Inc., ING Financial Markets LLC, Natixis Securities North America Inc., RBS Securities Inc., SG CIB and SunTrust Robinson Humphrey Inc. are the joint bookrunners for the Rule 144A for life notes offer.

The notes come with three years of call protection.

Proceeds, along with proceeds from the concurrent $1,225,000,000 seven-year covenant-light term loan B, will be used to fund the acquisition of Brand Energy and Harsco Infrastructure by Clayton, Dubilier & Rice.

Brand Energy is an Atlanta-based provider of specialized industrial services to the energy and infrastructure sectors.

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