Ipreo Holdings launches $170 million facility at Libor plus 650 bps

By Sara Rosenberg

New York, July 7 - Ipreo Holdings LLC launched its $170 million credit facility (B1) on Thursday with price talk of Libor plus 650 basis points with a 1.5% Libor floor and an original issue discount of 98, according to a market source.

The facility consists of a $150 million term loan and a $20 million revolver.

The term loan includes 101 soft call protection for one year.

RBC Capital Markets LLC is the lead bank on the deal.

Proceeds, along with $70 million of mezzanine debt from Crescent Capital, will be used to fund the acquisition of the company by Kohlberg Kravis Roberts & Co. LP from Veronis Suhler Stevenson.

Ipreo is a New York-based capital markets and corporate analytics firm.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.