Perform Group sets roadshow for £200 million five-year secured notes

By Paul A. Harris

Portland, Ore., Nov. 3 – Perform Group Financing plc plans to make its debut in the high-yield bond market when it begins a roadshow on Wednesday for a £200 million offering of five-year senior secured notes (expected ratings B3/B), according to a market source.

The roadshow wraps up on Nov. 10.

Credit Suisse is the lead left bookrunner for the Rule 144A and Regulation S for life offering. Barclays, HSBC Bank and Lloyds TSB are joint bookrunners.

The notes come with two years of call protection.

The London-based digital sports media company plans to use the proceeds to fund the launch of direct-to-consumer media products, as well as to repay the amounts drawn under its revolver and to fund contractual commitments to pay contingent consideration in respect of past acquisitions.

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