Focus Financial to launch $200 million add-on term loan on Friday

By Sara Rosenberg

New York, March 7 – Focus Financial Partners LLC will hold a lender call on Friday to launch a fungible $200 million add-on first-lien term loan, according to a market source.

RBC Capital Markets and SunTrust Robinson Humphrey Inc. are the joint lead arrangers on the deal.

Pricing on the first-lien term loan is Libor plus 275 basis points with a 0% Libor floor.

Proceeds will be used to fund an acquisition, the source said.

The first-lien term loan is currently sized at $793 million.

Focus Financial is a New York-based partnership of independent, fiduciary wealth-management firms.

© 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.