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DiversiTech $495 million facilities backing Premira LBO coming in May
By Paul A. Harris
Portland, Ore., April 18 – DiversiTech plans to put in place $495 million of credit facilities backing the buyout of the company by Premira from an affiliate of Jordan Co., according to a market source.
The deal, which will include a $50 million revolver, a $325 million first-lien term loan and a $120 million second-lien term loan, is expected to hit the market during the second week of May.
RBC Capital Markets, Barclays, Deutsche Bank and Societe Generale are joint bookrunners and joint lead arrangers.
DiversiTech manufactures components and products related to the heating, ventilating, air conditioning and refrigeration industry. The company is based in Duluth, Ga.
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