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URS Corp. starts roadshow Monday for $250 million seven-year notes
By Paul A. Harris
St. Louis, Mo., July 31 - The roadshow starts Monday for URS Corp.'s planned offering of $250 million senior notes due 2009 (B1/B), according to a syndicate source. The deal will likely price during the week of Aug. 12.
Credit Suisse First Boston is the bookrunner.
The Rule 144A notes are non-callable for four years and contain an equity clawback of 35% for three years.
Proceeds will be used to finance the purchase of EG&G Technical Services and Lear Siegler Services, Inc. from The Carlyle Group for $500 million and to refinance bank debt.
The issuer is a San Francisco-based engineering and design services provider.
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