TMF Group seeks new term loan B, revolver for notes refinancing

By Sara Rosenberg

New York, Sept. 15 – TMF Group Holding BV said in a news release that it launched a new term loan B and revolving credit facility to refinance senior secured and senior unsecured notes.

The redemption of the company’s €450 million senior secured notes due 2018 is expected to occur on Oct. 14, as is the repayment and cancellation of its existing €70 million revolver.

The redemption of the €195 million senior notes due 2019 is targeted to take place on or after the next call date on Dec. 1.

TMF Group is an Amsterdam-based professional services firm that provides accounting, tax, human resources and payroll services to businesses.

© 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.