Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for Hunter Douglas > News item |
Hunter Douglas to launch $3.1 billion, €1.35 billion loans Thursday
By Sara Rosenberg
New York, Jan. 26 – Hunter Douglas is scheduled to hold a lender call at 10 a.m. ET on Thursday to launch a $3.1 billion seven-year term loan B and a €1.35 billion seven-year term loan B, according to a market source.
JPMorgan Chase Bank and Morgan Stanley Senior Funding Inc. are joint lead arrangers on the deal and bookrunners with BofA Securities Inc., Barclays, BNP Paribas Securities Corp., MUFG, Rabobank, Goldman Sachs, Credit Suisse and ING.
The term loans have 101 soft call protection for six months, the source said.
Commitments are due at 5 p.m. ET on Feb. 8 for the U.S. loan and at noon ET on Feb. 8 for the euro loan.
Proceeds will be used to help fund the buyout of the company by 3G Capital for €175 per ordinary share, implying an enterprise value of about $7.1 billion. The Sonnenberg family will continue to hold a 25% interest in the company.
Closing is expected this quarter, subject to limited conditions.
Hunter Douglas is a Rotterdam, The Netherlands-based manufacturer of window coverings and architectural products.
© 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.