Infinite Electronics to launch $980 million credit facilities Thursday

By Sara Rosenberg

New York, Feb. 9 – Infinite Electronics (Infinite Bidco LLC) is scheduled to hold a lender call at 11 a.m. ET on Thursday to launch $980 million of senior secured credit facilities, according to a market source.

Jefferies LLC, Antares Capital, RBC Capital Markets, Wells Fargo Securities LLC, Golub Capital and TD Securities (USA) LLC are the arrangers on the deal.

The facilities consist of a $100 million five-year revolver, a $640 million seven-year first-lien term loan and a $240 million eight-year second-lien term loan, the source said.

The company is also getting a $55 million first-lien delayed-draw term loan and a $20 million second-lien delayed-draw term loan, both of which were privately placed.

Proceeds will be used to help fund the buyout of the company by funds affiliated with Warburg Pincus and to pay related fees and expenses.

Infinite Electronics is an Irvine, Calif.-based supplier of electronic components serving the needs of engineers.

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