Oasis Outsourcing to launch $270 million credit facility on Thursday

By Sara Rosenberg

New York, Dec. 1 – Oasis Outsourcing set a bank meeting for Thursday to launch its $270 million credit facility, according to a market source.

RBC Capital Markets LLC and SunTrust Robinson Humphrey Inc. are the lead banks on the deal.

As previously reported, 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.

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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