Sedgwick gets new facility to back purchase by Fidelity National

By Sara Rosenberg

New York, Jan. 31 - Sedgwick CMS Holdings Inc. obtained a new credit facility (B1/NA/B) in connection with its acquisition by Fidelity National Financial Inc., Thomas H. Lee and Evercore, according to a company news release.

Sedgwick used $315 million in borrowings under the new senior secured credit facility, in combination with $330 million of cash equity investments from the three new owners, to fund the transaction.

The purchase price for Sedgwick was $635 million.

Sedgwick is a provider of outsourced insurance claims management services to large corporate and public sector entities.

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