Vivint plans to price $400 million seven-year notes on Tuesday

By Paul A. Harris

Portland, Ore., July 24 – Vivint, Inc. plans to price $400 million seven-year senior notes on Tuesday, according to market sources.

BofA Merrill Lynch, Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co., Macquarie Capital, HSBC Bank, Mizuho Securities, Citizens Bank and Guggenheim are the joint bookrunners for the Rule 144A and Regulation S offering.

The notes come with three years of call protection.

The issuing entity will be APX Group, Inc., a wholly owned subsidiary of Vivint parent APX Group Holdings, Inc.

Proceeds will be used to redeem up to $150 million of the 6 3/8% senior secured notes due 2019 and for general corporate purposes, including repayment of the revolving credit facility.

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