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Openlink to launch $541 million equivalent loans Feb. 12 week
By Sara Rosenberg
New York, Feb. 8 – Openlink Financial LLC (Ocean Bidco Inc.) is scheduled to hold a bank meeting in New York at 10:30 a.m. ET on Monday and a bank meeting in London on Tuesday to launch $541 million equivalent of senior secured credit facilities, according to a market source.
UBS Investment Bank is the bookrunner on the deal.
The facilities consist of a $21 million five-year revolver and a $520 million equivalent U.S. dollar and euro seven-year term loan B, the source said.
Proceeds will be used to help fund the acquisition of the company by ION Investment Group from Hellman & Friedman.
Openlink is a Uniondale, N.Y.-based provider of trading and risk management solutions for commodity, energy, corporate and financial services organizations. ION is a provider of trading and workflow automation software solutions to financial institutions, central banks, governments and corporations.
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