Daily News: September 26, 2017

RBC, Jefferies, Morgan Stanley Support H.I.G Repurchase of Vantage


Reuters reported that Morgan Stanley, RBC Capital Markets and Jefferies agreed to provide $710 million in debt financing to support H.I.G. Capital’s $1 billion repurchase of Vantage Specialty Chemicals.

According to Reuters, the loans will be made up of a $75 million revolving credit facility, a $465 million secured term loan with a first priority claim and a $170 million secured term loan with a second priority claim.