Duff & Phelps Seeks $349M TLB
February 26, 2013
Financial services firm Duff & Phelps is seeking a $349 million covenant-lite term loan B talked at Libor plus 375 bps with an original issue discount of 99.5 cents on the dollar.
Credit Suisse is underwriting the new debt, according to KDP Investment Advisors.
The proceeds will go to fund its leveraged buyout worth $665.5 million by a group of private equity firms that includes The Carlyle Group.
The company is a global financial advisory and investment banking firm that offers expertise in valuation, transactions, financial restructuring, alternative assets, disputes and taxation. With over 1,000 employees, has offices in North America, Europe and Asia.
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