Sutherland Global to launch $340 million term loan B on Friday

By Sara Rosenberg

New York, Oct. 2 – Sutherland Global Services Inc. is set to hold a bank meeting on Friday to launch a $340 million 6½-year term loan B, according to a market source.

Bank of America Merrill Lynch, Credit Suisse Securities (USA) LLC and HSBC Securities (USA) Inc. are the lead banks on the deal.

Proceeds will be used to refinance existing debt and repurchase equity.

Sutherland is a Rochester, N.Y.-based provider of business process and technology management services.

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