CLEAResult to launch $660 million credit facilities on Tuesday

By Sara Rosenberg

New York, July 13 – CLEAResult is scheduled to hold a bank meeting at 10 a.m. ET in New York on Tuesday to launch $660 million of credit facilities, according to a market source.

The facilities consist of an $85 million revolver, a $425 million first-lien term loan and a $150 million second-lien term loan, the source said.

Goldman Sachs Bank USA, UBS Investment Bank, Credit Suisse Securities (USA) LLC and KeyBanc Capital Markets are the leads on the deal, with Goldman the left lead on the first-lien loan and UBS the left lead on the second-lien loan.

Proceeds will be used to help fund the buyout of the company by TPG Growth and Rise Fund from General Atlantic.

Closing is expected later this year, subject to customary conditions, including regulatory approval.

CLEAResult is an Austin, Texas-based provider of energy efficiency solutions for utility companies.

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