Victory Capital plans $505 million term loan B for WestEnd buy

By Sara Rosenberg

New York, Nov. 8 – Victory Capital Holdings Inc. has a commitment for a $505 million senior secured incremental first-lien term loan B (Ba2) to fund its acquisition of WestEnd Advisors LLC for $480 million, according to a 10-Q filed with the Securities and Exchange Commission on Monday.

BofA Securities provided the debt commitment.

Closing is expected this year, subject to customary approvals, conditions and consents.

Victory Capital is a San Antonio-based global asset management firm. WestEnd is a Charlotte, N.C.-based investment management firm.

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