Teleperformance plans bond offering to take out committed debt backing Intelenet acquisition

By Paul A. Harris

Portland, Ore., June 14 – Paris-based Teleperformance plans to use proceeds from the sale of bonds to repay the committed financing that it put in place to fund the acquisition of Mumbai, India-based Intelenet from Blackstone, according to a company press release.

The deal acquisition has an enterprise value of $1 billion and is expected to close by Sept. 30, 2018.

BNP Paribas, JPMorgan and Natixis provided the committed debt financing.

Teleperformance and Intelenet provide customer management services.

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