ArchKey Solutions to launch $320 million term loan on Monday

By Sara Rosenberg

New York, June 11 – ArchKey Solutions (ArchKey Holdings Inc.) is scheduled to hold a lender call at 10:30 a.m. ET on Monday to launch a $320 million seven-year covenant-lite first-lien term loan, according to a market source.

Deutsche Bank Securities Inc., Barclays and UBS Investment Bank are the bookrunners on the deal.

The term loan has 101 soft call protection for six months and amortization of 1% per annum, the source said.

Commitments are due at noon ET on June 24.

Proceeds will be used to help fund the buyout of the company by One Rock Capital Partners LLC.

Closing is expected this summer, subject to customary conditions.

ArchKey is a St. Louis-based electrical and technologies contracting and services provider.

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