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HGI Holdings buyout credit facility likely launching in September
By Sara Rosenberg
New York, Aug. 11 - HGI Holdings Inc.'s proposed buyout financing credit facility is expected as September business, with the launch likely happening a week or two after Labor Day, according to a market source.
Goldman Sachs, Jefferies and Morgan Stanley are the lead banks on the deal, with Goldman the left lead.
Other financing for the transaction will come from GSO Capital Partners LP.
HGI is being acquired by Clayton, Dubilier & Rice LLC and GS Capital Partners from the Jordan Co. and members of the Harrington family.
The transaction is expected to close in the beginning of the fourth quarter.
HGI is a Cleveland-based mail-order, direct-to-home provider of specialty medical products for chronic disease patients.
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