RGIS plans new credit facility to help back buyout by Blackstone

By Sara Rosenberg

New York, March 22 - RGIS Holdings LLC plans on getting a new credit facility, along with mezzanine financing, to back its acquisition by The Blackstone Group, according to a news release.

Goldman Sachs is the lead bank on the financing.

Blackstone is buying a controlling interest in the company, while the current RGIS ownership group will retain a significant stake in the company post-close.

The transaction is subject to satisfaction of customary conditions and is expected to close in the first half of 2007.

RGIS is an Auburn Hills, Mich., inventory and retail services company.

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