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Kestra Financial to launch $145 million add-on term loan on Monday
By Sara Rosenberg
New York, Nov. 12 – Kestra Financial Inc. (Kestra Advisor Services Holdings A Inc.) is scheduled to hold a lender call on Monday to launch a fungible $145 million add-on first-lien term loan, according to a market source.
UBS Investment Bank is the lead arranger on the deal.
Proceeds will be used for a dividend recapitalization, to fund acquisitions and to add cash to the balance sheet.
Kestra Financial, a Warburg Pincus LLC portfolio company, is an Austin, Tex.-based provider of an advisor platform to financial professionals.
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