HomeServe to launch $1.05 billion term loan B on Tuesday

By Sara Rosenberg

New York, Oct. 2 – HomeServe North America is scheduled to hold a lender call at 12:20 p.m. ET on Tuesday to launch a $1.05 billion seven-year term loan B, according to a market source.

Deutsche Bank Securities Inc., MUFG, RBC Capital Markets, ING, BofA Securities Inc. and Brookfield Capital Solutions are the bookrunners on the deal.

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

Proceeds will be used to refinance the company’s existing capital structure.

Commitments are due at 5 p.m. ET on Oct. 12, the source added.

HomeServe is a Norwalk, Conn.-based provider of low-cost service plans, repair and energy efficiency services.

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