Allied Universal expected to sell $2.5 billion notes backing G4S acquisition during May 3 week

By Paul A. Harris

Portland, Ore., April 28 – Allied Universal HoldCo LLC is expected to show up with $2.5 billion of high-yield notes backing its acquisition of London-based security services provider G4S during the first week of May, according to market sources.

Credit Suisse is expected to lead the deal, they add.

Debt financing for the acquisition also includes seven-year term loan paper in tranches sized at $950 million and €715.5 million, which launched late last week. Credit Suisse is also the left bookrunner on the loans.

Allied Universal, a Santa Ana, Calif.-based provider of security services, is acquiring G4S in a transaction valued at £3.8 billion.

D UNIVERSAL HOLDCO LLC: $2.5 billion senior secured notes (Fitch: BB-); Credit Suisse; to fund acquisition of G4S; Conshohocken, Penn.-based provider of security systems and services, janitorial services and staffing; expected to price during May 3 week.

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