GI Revelation to launch $615 million credit facilities on Monday

By Sara Rosenberg

New York, March 22 – GI Revelation Acquisition LLC is scheduled to hold a bank meeting at 1:30 p.m. ET on Monday to launch $615 million of senior secured credit facilities, according to a market source.

Jefferies LLC, SunTrust Robinson Humphrey Inc., Goldman Sachs Bank USA and KKR Capital Markets are the arrangers on the deal.

The facilities consist of a $50 million five-year revolver, a $415 million seven-year first-lien term loan and a $150 million eight-year second-lien term loan, the source said.

The first-lien term loan has 101 soft call protection for six months and the second-lien term loan has hard call protection of 102 in year one and 101 in year two.

Proceeds will be used to fund the acquisitions of Consilio and Advanced Discovery by GI Partners, and combination of the two businesses.

The Advanced Discovery purchase is expected to close in late March. The Consilio acquisition and the subsequent merger are expected to close in the second quarter, subject to usual and customary conditions.

GI is a private investment firm based in San Francisco. Consilio is a provider of eDiscovery, document review and legal consulting services. Advanced Discovery is a provider of eDiscovery and risk management, partnering with law firms and corporations.

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