Edgewood to launch $345 million of first-lien term debt on Tuesday

By Sara Rosenberg

New York, Jan. 4 – Edgewood Partners Holdings LLC (EPIC) is set to hold a lender call on Tuesday to launch $345 million of incremental first-lien term loan debt, according to a market source.

Antares Capital and Golub Capital are the joint lead arrangers on the first-lien deal.

The first-lien debt is split between a $295 million term loan and a $50 million delayed-draw term loan, the source said.

The incremental financing will be fungible with the company’s existing $514 million first-lien term loan.

In addition, the company plans on getting a $325 million privately placed second-lien term loan and a $50 million delayed-draw second-lien term loan.

Proceeds will be used to finance an acquisition, repay revolving credit facility drawings, refinance an existing $195 million second-lien term loan and pay acquisition-related fees and expenses.

Edgewood Partners, a portfolio company of Oak Hill Capital Partners, is a San Francisco-based insurance, risk management and employee benefits brokerage and consulting firm.

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