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St. George’s to launch $885 million in term loans on Wednesday
By Sara Rosenberg
New York, June 11 – St. George’s University set a lender call for 11 a.m. ET on Wednesday to launch its $885 million in term loans, according to a market source.
Goldman Sachs Bank USA, Macquarie Capital (USA) Inc., Credit Suisse Securities (USA) LLC, Morgan Stanley Senior Funding Inc., Deutsche Bank Securities Inc. and HSBC Securities (USA) Inc. are the lead banks on the deal.
The debt consists of a $675 million term loan B and a $210 million delayed-draw term loan B.
Proceeds will be used to refinance an existing term loan B and fund an acquisition.
St. George’s is a Grenada, West Indies-based educational institution providing students with medical degrees as well as veterinary and liberal arts graduate and undergraduate degrees.
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