WHP Global readies launch of $450 million term loan B for Tuesday

By Sara Rosenberg

New York, Jan. 24 – WHP Global will hold a lender call at 10:30 a.m. ET on Tuesday to launch a $450 million senior secured term loan B, according to a market source.

Morgan Stanley Senior Funding Inc. is the left lead arranger on the deal.

Proceeds will be used to refinance an existing term loan, capitalize the balance sheet for future acquisitions and fund a modest distribution to shareholders.

WHP is a New York-based brand acquisition and development platform that monetizes brands via an asset-lite licensing business model.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.