Cetera Financial to launch $1.12 billion credit facilities on Aug. 1

By Sara Rosenberg

New York, July 24 – Cetera Financial Group is set to hold a bank meeting on Aug. 1 to launch its $1,115,000,000 of credit facilities, according to a market source.

UBS Investment Bank, Deutsche Bank Securities Inc., Goldman Sachs Bank USA, SunTrust Robinson Humphrey Inc., Antares Capital and Jefferies LLC are the lead banks on the deal.

The facilities consist of a $100 million revolver, a $775 million first-lien term loan and a $240 million second-lien term loan.

Proceeds will be used to help fund the buyout of the company by Genstar Capital.

Leverage through the second-lien debt will be about 5.5 times.

Closing is subject to regulatory approvals and other customary conditions.

Cetera is an El Segundo, Calif.-based network of financial advisers.

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