Retail Solutions to launch $150 million term loan B on Wednesday

By Sara Rosenberg

New York, May 26 – Retail Solutions Group will hold a bank meeting on Wednesday afternoon to launch a $150 million term loan B, according to a market source.

Jefferies Finance LLC is the lead on the deal that is being launched now that early one-on-one meetings have taken place.

The loan includes a maximum first-lien net leverage covenant.

EBITDA at the company is $36.5 million, the source added.

Retails Solutions Group is a provider of omni-channel solutions for mid-sized and large retailers. The company is being spun off from Epicor Software Corp. into a separate privately held company under common ownership by funds advised by Apax Partners.

Completion of the spinoff is expected in June.

© 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.