Masergy readies launch of $522.5 million credit facility for Nov. 29

By Sara Rosenberg

New York, Nov. 22 – Masergy Communications is set to hold a bank meeting at noon ET on Nov. 29 to launch a $522.5 million credit facility, according to a market source.

The facility consists of a $50 million revolver, a $332.5 million first-lien term loan and a $140 million second-lien term loan, the source said.

Jefferies Finance LLC and Antares Capital are the leads on the deal, with Jefferies the left lead on the first-lien loan and Antares the left lead on the second-lien loan.

Proceeds will be used to help fund the buyout of the company by Berkshire Partners LLC.

Masergy is a Plano, Texas-based provider of hybrid networking, managed security and cloud communications solutions.

© 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.