Kohler Energy to launch $1.63 billion term loan B on Tuesday

By Sara Rosenberg

New York, Jan. 11 – Kohler Energy (Discovery Energy Holding Corp.) is scheduled to hold a lender call at 9:30 a.m. ET on Tuesday to launch a $1.625 billion seven-year term loan B, according to market sources.

BofA Securities Inc., Goldman Sachs Bank USA, BMO Capital Markets, Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., Mizuho, Nomura, Santander, Stifel and UBS Investment Bank are the arrangers on the deal.

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

Proceeds will be used to help fund the acquisition of a majority stake in Kohler Co.’s energy division by Platinum Equity. Kohler will continue to stay invested in the energy business following completion of the transaction.

Closing is expected in the first half of this year.

Kohler Energy is a provider of mission critical power solutions to homes, businesses and equipment.

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