Access CIG sets Oct. 1 bank meeting for $494 million term loans

By Paul A. Harris

Portland, Ore., Sept. 24 – Access CIG, LLC set a bank meeting to take place on Oct. 1 for $494 million of term loans, according to a market source.

The deal includes a $342 million seven-year first-lien term loan and a $152 million eight-year second-lien term loan.

Pricing and credit ratings remain to be determined.

Joint bookrunner Deutsche Bank is left lead on the first-lien tranche. Joint bookrunner Goldman Sachs is left lead on the second-lien tranche. BofA Merrill Lynch is also a joint bookrunner.

Proceeds will be used to fund the LBO of the company by Berkshire Partners.

Access CIB is a Pleasanton, Calif.-baed provider of records and information management services.

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