Ensono to launch $823 million first-lien credit facilities Thursday

By Sara Rosenberg

New York, May 4 – Ensono Holdings LLC is set to hold a lender call at 2 p.m. ET on Thursday to launch $823 million of senior secured first-lien credit facilities, according to a market source.

Morgan Stanley Senior Funding Inc., UBS Investment Bank and KKR Capital Markets are the leads on the deal.

The debt consists of a $100 million revolver and a $723 million first-lien term loan B.

The company is also getting a $250 million privately placed second-lien term loan.

Proceeds will be used to help fund the buyout of the company by KKR from Charlesbank Capital Partners and M/C Partners and refinance existing credit facilities.

Leverage is expected to be 6x.

Closing is expected this quarter, subject to regulatory approvals and other customary conditions.

Ensono is a Chicago-based hybrid IT services provider.

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