Institutional Shareholder Services readies launch of $735 million credit facilities for Tuesday

By Sara Rosenberg

New York, Feb. 7 – Institutional Shareholder Services Inc. is scheduled to hold a lender meeting in New York on Tuesday to launch $735 million of credit facilities, according to a market source.

Antares Capital and Golub Capital are the joint lead arrangers on the deal.

The facilities consist of a $40 million revolver, a $495 million first-lien term loan and a $200 million second-lien term loan, the source said.

Proceeds will be used to refinance existing debt and finance the acquisition of Strategic Insights.

The credit facilities will not be rated.

ISS was acquired by Genstar Capital in October 2017 and Strategic Insights was acquired by Genstar in June 2014.

ISS is a Rockville, Md.-based provider of corporate governance and responsible investment solutions to financial market participants. Strategic Insights is a New York-based provider of critical and proprietary data, business, intelligence, research and marketing services to the asset management community.

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