GlobalCollect to use mezzanine debt to finance Welsh Carson purchase

By Lisa Kerner

Charlotte, N.C., May 7 - GlobalCollect will finance the buyout of a majority share in the company by Welsh, Carson, Anderson & Stowe from General Atlantic LLC in part with a mezzanine investment and equity provided by Welsh Carson.

A market source said the company also closed on a €100 million senior secured credit facility that will be used for the purchase. The facility consists of a €40 million term loan A, a €40 million term loan B and a €20 million revolving credit facility.

Natixis and RBC Capital Markets underwrote and acted as the joint bookrunners and lead arrangers on the deal. NIBC and Rabobank, both existing lenders, later joined as lead arrangers as well. NIBC is the agent on the deal.

GlobalCollect is a Hoofddorp, the Netherlands-based payment service provider of local e-payment solutions for international customer not-present channels such as the internet, mail and telephone orders.

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