Vencore to launch add-on first-, second-lien term loans on Wednesday

By Sara Rosenberg

New York, May 16 – Vencore is set to hold a bank meeting at 2:30 p.m. ET on Wednesday to launch an add-on first-lien term loan and an add-on second-lien term loan, according to a market source.

UBS Investment Bank is the lead on the deal.

Sizes on the add-on loans are not yet available, the source said.

Proceeds will be used to refinance mezzanine debt and to fund a dividend.

Vencore, formerly known as The SI Organization Inc., is a Chantilly, Va.-based provider of information solutions, engineering and analysis to the U.S. Intelligence Community, Department of Defense and Federal/Civilian Agencies.

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