Vialto Partners launches $950 million term loan to investors

By Sara Rosenberg

New York, April 11 – Vialto Partners held a lender call at 11 a.m. ET on Monday to launch a $950 million seven-year first-lien term loan (B-/BB-), according to a market source.

The term loan has 101 soft call protection for six months, the source said.

JPMorgan Chase Bank, Deutsche Bank Securities Inc., UBS Investment Bank, BMO Capital Markets Corp., BNP Paribas Securities Corp., Mizuho Financial Group Inc., RBC Capital Markets LLC, Societe Generale, HSBC Securities (USA) Inc., ING and Santander are the leads on the deal.

Commitments are due at 3 p.m. ET on April 19, the source added.

Proceeds will be used to help fund the buyout of the company by Clayton, Dubilier & Rice from PwC.

Closing is expected in the first half of this year, subject to customary conditions, including completion of certain local works council consultations.

Vialto, previously known as PwC’s Global Mobility Tax and Immigration Services business, is a provider of compliance, consulting and technology services for employers and their mobile employees.

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