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Oasis Outsourcing plans $270 million credit facility for buyout
By Sara Rosenberg
New York, Nov. 20 – Oasis Outsourcing is planning on coming to market with a $270 million credit facility, according to a market source.
RBC Capital Markets and SunTrust Robinson Humphrey Inc. are the lead banks on the deal.
The facility consists of a $50 million five-year revolver, a $160 million seven-year first-lien term loan and a $60 million eight-year second-lien term loan, the source said.
Proceeds will be used to help fund the buyout of the company by Stone Point Capital and management from Nautic Partners and Altaris Capital Partners.
Closing is expected by year-end, subject to customary conditions.
Oasis is a provider of outsourced human resource services.
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