First Advantage to launch $620 million term loan B on Thursday

By Sara Rosenberg

New York, Jan. 7 – First Advantage is scheduled to hold a bank meeting on Thursday to launch a $620 million first-lien term loan B, according to a market source.

BofA Securities Inc., J.P. Morgan Securities LLC, Barclays, Jefferies LLC, RBC Capital Markets, Credit Suisse Securities (USA) LLC, Citizens Bank, HSBC Securities (USA) Inc., KKR Capital Markets and Stifel are the leads on the deal.

Proceeds will be used to help fund the buyout of the company by Silver Lake from Symphony Technology Group.

Closing is expected this quarter, subject to customary conditions.

First Advantage is an Atlanta-based provider of comprehensive background screening, identity and information solutions.

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