Resolute Investment to launch $75 million add-on term loan on Thursday

By Sara Rosenberg

New York, Feb. 28 – Resolute Investment Managers is set to hold a lender call at 11 a.m. ET on Thursday to launch a fungible $75 million add-on first-lien term loan, according to a market source.

RBC Capital Markets and Barclays are the joint bookrunners on the deal.

Proceeds will be used to help fund the acquisition of a controlling interest of Shapiro Capital Management LLC.

Commitments are due on March 14, the source added.

Resolute Investment, formerly known as American Beacon Advisors Inc., is an Irving, Texas-based provider of investment advisory services to institutional and retail markets. Shapiro is an Atlanta-based investment adviser.

© 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.