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Rural/Metro plans new loan, bonds for buyout by Warburg Pincus
By Sara Rosenberg
New York, March 28 - Rural/Metro Corp. is expected to get a new credit facility and sell high-yield bonds to help fund its acquisition by Warburg Pincus, according to a market source.
Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc. and Jefferies & Co. are leading the financing.
Under the agreement, Rural/Metro is being purchased for $17.25 per share of common stock in cash.
Closing on the transaction is expected to take place by the end of June, subject to customary conditions and regulatory approvals.
Rural/Metro is a Scottsdale, Ariz.-based provider of emergency and non-emergency ambulance services and private fire protection services.
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