Price talk has emerged on healthcare claims processor Multiplans $2.28 billion loan offer, aimed at raising proceeds for refinancing existing debt and partially funding its buyout by a private-equity consortium led by former AIG chief Maurice Hank Greenburg.
Cerberus Capital Management plans to use debt financing of approximately $7.6 billion to complete its announced acquisition of Safeway Inc.
This methodical pace to put together a $2.5 billion loan package seems to be in line with a careful integration strategy observers say is being followed to map out cost-cutting, as well as what could be a new challenging management culture now that IMG is coming under the leadership of WMEs brash co-CEO Ari Emanuel.
Healthcare claims processor MultiPlan has launched a $2.28 billion loan offer, looking to raise proceeds for refinancing existing debt and partially funding its reported $4.4 billion buyout by Starr Investment Holdings and Partners Group AG.
Independent broker dealer RCS Capital Corp (RCAP) is seeking lenders for a $725 million loan package that is to fund, in part, its acquisition of Cetera Financial Group, according to sources.
Caesars Entertainment is selling four casinos to an affiliated company for $2.2 billion, fuelling speculation about a distressed debt exchange.
Price talk has emerged on a $2.45 billion loan package to fund sports and entertainment company IMG Worldwides buyout by William Morris Endeavor.
Discount optical retail chain National Vision is proposing a $700 million loan package to fund its acquisition by sponsor equity firm Kohlberg Kravis Roberts & Co.
Price talk has lowered on a $525 million buyout loan proposal from Wesco Aircraft Hardware Corp., according to sources.
Sports agent and media firm IMG Worldwide, which is being acquired by William Morris Endeavor, on Friday launched a $2 billion-plus loan offer to fund the buyout.