CoreLogic readies launch of $4 billion term loan B for Wednesday

By Sara Rosenberg

New York, March 30 – CoreLogic Inc. is scheduled to hold a lender call at 11 a.m. ET on Wednesday to launch a $4 billion seven-year term loan B, according to a market source.

JPMorgan Chase Bank, Wells Fargo Securities LLC, Ares, BofA Securities Inc., Truist, Credit Suisse Securities (USA) LLC, KKR Capital Markets, Golub, RBC Capital Markets, Capital One, U.S. Bank, BMO Capital Markets, Citizens Bank, Fifth Third, KeyBanc Capital Markets, Macquarie Capital (USA) Inc., Nomura, MUFG, Stifel and SPC are the lead arrangers on the deal.

Commitments are due at noon ET on April 13, the source added.

Proceeds will be used to help fund the buyout of the company by Stone Point Capital and Insight Partners for $80 per share in cash, representing an equity value of about $6 billion.

Closing is expected in the second quarter, subject to shareholder approval, regulatory approvals and other customary conditions.

CoreLogic is an Irvine, Calif.-based property information, analytics and data-enabled solutions provider.

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