Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for TMF Group Holding BV > News item |
TMF Group to launch €1.3 billion credit facilities on Wednesday
By Sara Rosenberg
New York, Nov. 27 – TMF Group (Sapphire Bidco BV) is scheduled to hold a lender presentation in London on Wednesday to launch €1.3 billion of credit facilities, according to a market source.
Goldman Sachs and HSBC are the primary bookrunners on the deal, and joint bookrunners and mandated lead arrangers with Barclays, Credit Suisse, Jefferies and Nomura.
The facilities consist of a €150 million 6.75-year multi-currency revolver, a €950 million seven-year covenant-light first-lien term loan B and a €200 million eight-year covenant-light second-lien term loan, the source said.
Proceeds will be used to help fund the acquisition of the company by CVC Capital Partners for €1.75 billion.
Commitments are due at the close of business on Dec. 7, the source added.
Closing is expected in the first half of 2018, subject to regulatory approvals.
TMF is an Amsterdam-based provider of business, trust and corporate services.
© 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.