Buyout Financing

Riverbed Tech Brings $575M to HY Mart

Proceeds from the bond sale will be combined with a $1.53 billion term loan B and a $100 million revolver to fund the company's buyout.

Ball Corp.’s $8.4B Rexam Takeover Prompts Ratings Actions

Consumer packaging supplier Ball Corp. had its ratings placed under review by Moody’s Investors Service, and its outlook revised to negative by Standard & Poor’s, in the wake of its plans to acquire UK-based beverage-can producer Rexam PLC for $8.4 billion including debt.

Expedia’s Ratings Likely Unaffected in Orbitz Deal

Moody’s Investors Service and Standard & Poor’s issued comments Friday stating that the existing ratings for the market-leading online travel agency would not be impacted, even if the entire $1.6 billion transaction were to be funded with debt.

PetSmart Moves Up Commitment Date on $4.3B Loan

Commitments are due today on a $4.3 billion term loan B term loan B buyout proposal from PetSmart, which accelerated the original Feb. 20 deadline by one week, according to reports.

American Beacon Advisors Readies $310M Loans Proposal

American Beacon is ready to launch a $310 million loans proposal for financing it lined up in November following its announced buyout by private equity sponsors Kelso & Co. and Estancia Capital Management.

Riverbed Launching $2.15B in Debt for Buyout

Riverbed Technology has scheduled lender meetings Thursday for a $1.53 billion buyout debt proposal in what is expected to be the third-largest loan launch of the year, according to reports and KDP Investment Advisors. Details emerged Friday on a companion $600 million notes offering, as well.

Dollar Tree, Western Refining Wrap HY Bond Sales

The bulk--$3.25 billion--was issued by Dollar Tree to fund its buyout of Family Dollar.

DBRS Launches $300M Buyout Loan Proposal

Lenders are scheduled to meet Thursday with Canadian corporate credit ratings agency DBRS to discuss terms of a $300 million loans proposal to fund DBRS’ recent buyout by Carlyle Group and Warburg Pincus.

IPC Closes $595M 1L Loan; Extends 2L Commitment

IPC Corp. closed on $595 million first-lien loan tranche, and has extended commitments through end of day Wednesday on a $305 million second-lien loan after tightening some price talk terms.

SS&C Plans $3.13B Debt Offering for Advent Takeover

SS&C Technologies is planning a corporate debt issuance of $2.63 billion in loans and up to a $500 million unsecured notes issue to help fund its planned acquisition of Advent Software announced Monday.


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Bob Gunderman

Chief Financial Officer

Firm: Windstream Holdings

In the news: Which Debt Will Windstream Retire? CFO Hints at Bonds

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