Colibri sets Tuesday lender call for $695 million credit facilities

By Paul A. Harris

Portland, Ore., Feb. 18 – Colibri Group plans to present a $645 million seven-year first-lien term loan on a lender call set for 3 p.m. ET on Tuesday, according to a market source.

Jefferies, Macquarie, Capital One, Golub and SMBC are the bookrunners.

The loan comes with six months of soft call protection at 101.

The borrowing entity will be McKissock Investment Holdings, LLC, which will also put in place a $50 million five-year revolver.

The St. Louis-based continuing education and licensing services provider plans to use the proceeds plus a $180 million privately placed second-lien term loan and $100 million of new equity to refinance debt and fund the acquisitions of Becker Professional Education and OnCourse Learning.

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