Cetera sets Friday bank meeting for $750 million non-fungible incremental term loan

By Paul A. Harris

Portland, Ore., Feb. 23 – Aretec Group Inc., which does business as Cetera Financial Group, plans to offer a $750 million seven-year non-fungible incremental first-lien term loan to investors at a bank meeting set for noon ET on Friday, according to a market source.

The loan has a springing maturity to the existing term loan and 90 days prior to the Aretec Escrow Issuer Inc. 7˝% senior notes due April 2029.

The El Segundo, Calif.-based financial services provider plans to use the proceeds to fund the acquisition of Securian Financial Group’s retail wealth business.

UBS, BMO, Deutsche Bank, Jefferies, Goldman Sachs, Truist and Antares Capital are the arrangers.

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