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.
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.
BlueLinx Holdings closed a new five-year $335 million syndicated secured asset-based revolving credit facility. Wells Fargo served as administrative agent.
School Specialty completed a new $140 million term loan with TCW’s Direct Lending Group and amended its $125 million ABL with Bank of America and Bank of Montreal.
Tucows acquired wholesale domain name registrar eNom from Rightside Group for $83.5 million. The acquisition will be funded through an amendment increasing Tucows’ existing credit facility to a total of $140 million. Bank of Montreal was administrative agent for the transaction.
Spin Master, a global children’s entertainment company, entered into an agreement with a syndicate of lenders to increase its credit facility to $510 million.
Modine Manufacturing entered into a purchase agreement to acquire the shares of seven target companies held by Luvata. JPMorgan agented an amendment to Modine’s credit facility to support the transaction, including a new $275 million term loan.
Bombardier Recreational Products, a subsidiary of BRP, refinanced its existing credit facilities. Royal Bank of Canada and BMO Capital Markets acted as joint lead arrangers.
Altus Group expanded its revolver to $200 million (from $159.7 million).
Radiant Logistics completed its acquisition of Wheels Group. Radiant financed the cash portion of the consideration and fees/expenses through advances under a $65 million senior revolving cross-border facility with Bank of America and Bank of Montreal.
Petrowest entered into a new-year credit agreement with Bank of Montreal and a syndicate comprised of Royal Bank of Canada, ATB Financial and Canadian Western Bank.