Books close on Husky’s $750 million bridge loan backing acquisition by Platinum Equity

By Paul A. Harris

Portland, Ore., Feb. 22 – Commitments were due on Wednesday in the syndication of the Husky Injection Molding Systems (Titan Acquisition Ltd.) $750 million senior unsecured bridge loan, according to a market source.

BofA Merrill Lynch led the syndication effort.

The bridge, which is expected to be taken out with high-yield bonds, came in connection with the acquisition of Husky by Platinum Equity from Berkshire Partners and Omers Private Equity for $3.85 billion.

Closing is expected in the second quarter of 2018.

Husky is a Bolton, Ont.-based supplier of injection molding equipment and services to the plastics industry.

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