Rotech starts roadshow for $290 million seven-year secured notes

By Paul A. Harris

Portland, Ore., March 7 - Rotech Healthcare Inc. began a roadshow on Monday for its $290 million offering of seven-year second-priority senior secured notes, according to an informed source.

The notes are set to price during the present week.

Credit Suisse Securities and Jefferies & Co. are the joint bookrunners for the Rule 144A with registration rights offering.

The notes come with four years of call protection and feature a three-year 35% equity clawback and a 101% poison put.

The Orlando, Fla.-based provider of home medical equipment plans to use the proceeds to refinance its existing senior subordinated notes due 2012.

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