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Oasis Outsourcing to launch $410 million in term loans on Thursday
By Sara Rosenberg
New York, June 13 – Oasis Outsourcing Holdings Inc. is scheduled to hold a lender call at 1:30 p.m. ET on Thursday to launch $410 million in term loans, according to a market source.
RBC Capital Markets LLC and SunTrust Robinson Humphrey Inc. are the joint lead arrangers on the deal.
The debt consists of a $325 million first-lien term loan and an $85 million second-lien term loan, the source said.
Proceeds will be used to refinance existing debt and fund a small acquisition.
Oasis Outsourcing, a Stone Point Capital owned company, is a West Palm Beach, Fla.-based provider of comprehensive and cost-effective HR outsourcing services to small- and medium-sized businesses.
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