Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for CPA Global > News item |
CPA Global to launch new credit facilities during Sept. 25 week
By Sara Rosenberg
New York, Sept. 14 – CPA Global (Capri Acquisitions Bidco Ltd.) is set to hold a bank meeting in New York on Sept. 26 and a bank meeting in London on Sept. 27 to launch new credit facilities, according to a market source.
Jefferies LLC and Nomura are the arrangers on the deal.
The facilities consist of an £80 million revolver, an $830 million seven-year first-lien term loan and a €250 million seven-year first-lien term loan, the source said.
The company is also getting €410 million in pre-placed eight-year senior unsecured floating rate notes.
Proceeds will be used to help fund the buyout of the company by Leonard Green Partners LP and Partners Group Administration Services AG from Cinven.
Closing is subject to customary regulatory approval.
CPA is an Intellectual Property management and technology services company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.