Dye & Durham to finance C$3.25 billion Link acquisition with debt facility

Chicago, Dec. 21 – Dye & Durham Ltd. will finance the acquisition of Link Administration Holdings Ltd. with a C$3.25 billion senior secured debt facility, according to a press release.

The joint lead arrangers for the facility are Goldman Sachs Bank USA, Ares Capital Corp. and J.P. Morgan Chase Bank, NA.

The seven-year facility will be denominated in U.S. dollars.

The term loan will be available on closing in a single borrowing.

The company has also secured a C$150 million revolver.

Other financing will include C$841 million in exchangeable preferred shares issued to Ares.

Dye & Durham has also secured a commitment to complete a strategic share issuance at C$53 per share.

Barrenjoey Capital Partners has acted as financial adviser and Clayton Utz, Goodmans LLP, Dentons and DLA Piper have acted as legal counsel to Dye & Durham with respect to this transaction. Canaccord Genuity has acted as special adviser to the company.

Dye & Durham is a provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals based in Vancouver. Link Group provides mission critical software, servicing more than 6,000 clients globally across the financial services and corporate business segments.

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