New Look Vision allocates C$736 million unitranche facility

By Sara Rosenberg

New York, April 19 – New Look Vision Group allocated on Friday a C$736 million unitranche senior secured credit facility, according to a market source.

Golub Capital is the lead arranger and administrative agent on the deal.

The facilities consist of a C$65 million revolver, a C$480 million first-lien term loan and a C$190 million first-lien delayed-draw term loan, the source said.

Proceeds will be used to help fund the acquisition of the company by FFL Partners LLC and Caisse de depot et placement du Quebec for C$50 in cash per share. The transaction values New Look at about C$800 million on an equity value basis and at about C$970 million on an enterprise value basis.

Closing is expected in May.

New Look is a Montreal-based provider of eye care products and services.

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