MSCI readies launch of $700 million revolver, term loan for Tuesday

By Sara Rosenberg

New York, April 16 - MSCI Inc. is scheduled to hold a bank meeting on Tuesday to launch a $700 million five-year credit facility, according to a market source.

Morgan Stanley MUFG Loan Partners LLC (acting through Morgan Stanley Senior Funding Inc. and the Bank of Tokyo Mitsubishi UFJ Ltd.) and J.P. Morgan Securities LLC are the joint lead arrangers and bookrunners on the deal.

The facility consists of a $100 million revolver and a $600 million term loan A, the source said.

Proceeds will be used to replace an existing revolver and repay up to $800 million of its existing senior secured term loan B.

Other funds for the paydown will come from $206 million of cash on hand.

MSCI is a New York-based provider of investment decision support tools, including indexes, portfolio risk and performance analytics and corporate governance services.

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