Allied Universal $2 billion to $3 billion secured, unsecured notes expected during May 3 week

By Paul A. Harris

Portland, Ore., April 28 – Allied Universal HoldCo LLC is expected to show up with $2 billion to $3 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.

There will be tranches of secured notes and unsecured notes.

Credit Suisse will lead the deal.

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.

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