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Citigroup to be bookrunner on $450 million notes for Quintiles LBO
By Paul A. Harris
St. Louis, June 11 - Citigroup will run the books on an upcoming $450 million senior subordinated notes deal (B3) to help fund Pharma Services' leveraged buyout of Quintiles, according to a market source.
No timing or structural details were available.
Quintiles Transnational Corp./Pharma Services Holdings Inc. will also obtain a $425 million credit facility (B1), with proceeds also designated to fund the LBO.
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