LogMeIn sets Tuesday investor call for $750 million secured notes backing buyout of company

By Paul A. Harris

Portland, Ore., Aug. 10 – LogMeIn, Inc. plans to run a brief roadshow for a $750 million offering of seven-year senior secured notes (B1/B-/BB-) according to a market source.

An investor conference call is set to take place at 1:30 p.m. ET on Tuesday.

The Rule 144A and Regulation S for life deal is set to be marketed on a roadshow through Thursday and price thereafter.

Joint bookrunner Barclays will bill and deliver. RBC Capital Markets Corp., Deutsche Bank Securities Inc., Jefferies LLC and Mizuho Securities USA Inc. are also joint bookrunners.

The notes become callable after three years at par plus 50% of the coupon. A special call feature allows the issuer to redeem 10% of the notes annually at 103 during the non-call period.

Proceeds will be used to fund the buyout of the Boston-based provider of software as a service and cloud-based remote connectivity services by Francisco Partners.

The issuing entity will be Logan Merger Sub, Inc., which is to be merged with and into LogMeIn.

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