Kestra Advisor to launch $922.5 million credit facilities on Monday

By Sara Rosenberg

New York, March 8 – Kestra Advisor Services Holdings A Inc. is scheduled to hold a lender call at 2 p.m. ET on Monday to launch $922.5 million of credit facilities, according to a market source.

UBS Investment Bank is the left lead arranger on the deal.

The facilities consist of a $97.5 million five-year revolver and an $825 million seven-year first-lien term loan, the source said.

The term loan has 101 soft call protection for six months.

Commitments are due at noon ET on March 19, the source added.

Proceeds will be used to refinance the company’s existing first-lien credit facilities.

Kestra, a Warburg Pincus LLC portfolio company, is an Austin, Tex.-based wealth management platform supporting a broad range of independent financial advisers.

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