Fortress Investment to launch $800 million term loan B on Thursday

By Sara Rosenberg

New York, July 19 – Fortress Investment Group FinCo I LLC is scheduled to hold a lender call at 1:30 p.m. ET on Thursday to launch an $800 million covenant-lite term loan B due June 2028, according to a market source.

Deutsche Bank Securities Inc. and Goldman Sachs Bank USA are the bookrunners on the deal.

The term loan has 101 soft call protection for six months, the source said.

Proceeds will be used to amend and extend by three years an existing $700 million term loan B and to fund future acquisitions.

Commitments from existing lenders are due at 5 p.m. ET on July 26, and commitments from new lenders are due at noon ET on July 31, the source added.

Fortress Investment is an alternative investment management firm.

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