Sitel Worldwide is seeking a $545 million loan package to fund its buyout by Group Acticall from Onex, according to reports.
Antares Capital, the middle-market sponsor financing unit of GE Capital, is prepping for its sale to a new owner through a $13.9 billion debt offering including $3.2 billion in term and revolver loans that will be discussed with lenders on Monday.
Ardent Legacy Acquistions Inc. is seeking a $250 million first-lien term loan that will be used to support Equity Group Investments acquisition of the companys hospital management operations from Ventas.
Jarden plans on adding $600 million in new term loan facilities, with proceeds being used toward its $1.35 billion acquisition of Waddington Group.
Insurance brokerage AssuredPartners Capital Inc. has lined up debt financing from Bank of America Merrill Lynch, RBC Capital Markets and Morgan Stanley in its buyout by New York-based Apax Partners.
Price talk emerged for a $225 million first-lien term loan as well as a $20 million five-year revolver for Mediaoceans majority stake buyout by Vista Equity Partners after Tuesdays lender meetings. According to reports, talk is in the Libor plus 475 bps area, with a 99 cents on the dollar original issue discount and a 1% Libor floor, with 101 soft call protection for six months.
The proposal is divided between a $400 million first-lien term facility, a $100 million revolver and a $135 million second-loan loan through bookrunners Deutsche Bank and Bank of America Merrill Lynch. A lender meeting is scheduled today.
Price talk has emerged after a London-based lenders meeting for a multicurrency $700 million loan package for the proposed buyout and merger of corporate trust businesses Vistra Group Holdings and OrangeField Group.
C.H.I. Overhead Doors (CHI) launched a proposal yesterday for a $475 million debt facility that will be used to fund its leveraged buyout by global investment firm Kohlberg, Kravis & Roberts.
AmeriLife Insurance is launching a plan for $250 million in loans to fund a leveraged buy-out by J.C. Flowers & Co. that was announced earlier this month.
Head of US Fixed Income
Firm: AXA Investment Managers