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Prospect News home > News index > List of issuers K > Headlines for Kurt Geiger > News item
Published on 1/21/2014 in the Prospect News Bank Loan Daily.

Kurt Geiger plans £95 million in debt for buyout by Sycamore

By Sara Rosenberg

New York, Jan. 21 - Kurt Geiger expects to get £95 million in senior secured financing to help fund its acquisition by Sycamore Partners, according to a PREM14A filed with the Securities and Exchange Commission on Tuesday.

The debt consists of a £70 million senior secured unitranche facility and a £25 million asset-based revolver.

KKR Asset Management is leading the unitranche financing, and Burdale Financial Ltd. is leading the revolver.

Closing on the buyout is subject to completion of the purchase of Kurt Geiger's parent company, Jones Group Inc., by Sycamore.

Kurt Geiger is a footwear retailer.


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