GlobalCollect gets €100 million senior secured credit facility

By Sara Rosenberg

New York, May 7 - GlobalCollect closed on a €100 million senior secured credit facility, according to a market source.

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

The facility consists of a €40 million term loan A priced at Libor plus 400 basis points, a €40 million term loan B priced at Libor plus 400 bps and a €20 million revolver, the source said.

Proceeds were used to fund the buyout of the company Welsh, Carson, Anderson & Stowe from General Atlantic.

Other financing for the transaction is coming from a mezzanine investment and equity provided by Welsh Carson.

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

© 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.