Daily News: November 16, 2017

Credit Suisse Leads $2.59B Paysafe Buyout Financing

Reuters reported Credit Suisse led the financing of a $2.59 billion leveraged loan supporting Blackstone’s buyout of UK-based payment processing company Paysafe.

Jefferies, Morgan Stanley, BMO and Deutsche Bank were included in the syndicate, according to Reuters, with Blackstone as co-manager.

Reuters noted the facility consisted of a $957.5 million euro term loan, a $957.5 million U.S. dollar term loan, a $250 million euro second lien loan, a $250 million U.S. dollar term loan and a $175 million multicurrency revolver.