Ensono plans $1.07 billion credit facilities for buyout by KKR

By Sara Rosenberg

New York, April 26 – Ensono plans on getting $1.073 billion of credit facilities to help fund its acquisition by KKR from Charlesbank Capital Partners and M/C Partners and refinance existing credit facilities, according to a market source.

Morgan Stanley Senior Funding Inc., UBS Investment Bank and KKR Capital Markets are the leads on the deal.

The facilities consist of a $100 million revolver, a $723 million first-lien term loan and a $250 million second-lien term loan, the source said.

Leverage is expected to be 6x.

Closing is expected this quarter, subject to regulatory approvals and other customary conditions.

Ensono is a Chicago-based hybrid IT services provider.

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