Veregy to launch $342.5 million of credit facilities on Friday

By Sara Rosenberg

New York, Oct. 14 – Veregy is scheduled to hold a call at 10 a.m. ET on Friday to launch $342.5 million of credit facilities, according to a market source.

UBS Investment Bank and BNP Paribas Securities Corp. are the leads on the deal.

The facilities consist of a $42.5 million revolver, a $250 million covenant-lite first-lien term loan and a $50 million delayed-draw term loan, the source said.

Proceeds will be used to help fund the buyout of the company by Court Square Capital.

Veregy is a Phoenix-based provider of energy efficiency solutions, solar and smart building technology.

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