Vaco Holdings to launch $640 million credit facilities on Friday

By Sara Rosenberg

New York, Jan. 5 – Vaco Holdings LLC is set to hold a lender call at 11 a.m. ET on Friday to launch $640 million of credit facilities, according to a market source.

Jefferies LLC, Antares Capital and KKR Capital Markets are the bookrunners on the deal.

The facilities consist of a $40 million five-year revolver and a $600 million seven-year first-lien term loan, the source said.

Included in the term loan is 101 soft call protection for six months.

Proceeds will be used primarily to repay existing debt and make a shareholder distribution.

Vaco is a provider of staffing and consulting services.

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