CPI International reveals bookrunners line-up for $195 million loan

By Sara Rosenberg

New York, Sept. 10 – CPI International Inc. (Communications & Power Industries) came out with the full list of bookrunners on its $195 million incremental first-lien term loan (B3/B) that is scheduled to launch with a bank meeting on Wednesday, according to a market source.

To the right of left lead bookrunner UBS Investment Bank are Antares Capital, Golub, ING Capital and KKR Capital Markets, the source said.

Proceeds will be used to fund the acquisition of Satcom Technologies from General Dynamics Mission Systems Inc.

Closing is expected before the end of the year, subject to customary conditions.

CPI, a portfolio company of Odyssey Investment Partners, is a Palo Alto, Calif.-based manufacturer of electronic components and subsystems focused primarily on communications and defense markets. Satcom is a designer, manufacturer and installer of satellite communications antenna systems, and a provider of related radio frequency products and electronics.

© 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.