Guidehouse to launch $840 million of incremental term loans Tuesday

By Sara Rosenberg

New York, Sept. 11 – Guidehouse is scheduled to hold a bank meeting at 10 a.m. ET on Tuesday to launch $840 million of incremental term loans, according to a market source.

RBC Capital Markets, Macquarie Capital (USA) Inc., UBS Investment Bank and Credit Suisse Securities (USA) LLC are the leads on the deal.

The debt consists of a $640 million incremental first-lien term loan and a $200 million incremental second-lien term loan, the source said.

The company is also upsizing its existing revolving credit facility to $125 million from $50 million.

Proceeds will be used to help fund the acquisition of Navigant Consulting Inc. for $28 in cash per share in a transaction valued at about $1.1 billion.

Closing is expected in the fourth quarter, subject to regulatory approvals and customary conditions.

Guidehouse, a portfolio company of Veritas Capital, is a provider of management consulting services to government clients. Navigant is a Chicago-based professional services firm.

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