Autodata to launch $755 million incremental first-lien loan Sept. 4

By Sara Rosenberg

New York, Aug. 27 – Autodata Group is scheduled to hold a bank meeting at 10 a.m. ET in New York on Sept. 4 to launch a fungible $755 million incremental first-lien term loan due May 2026, according to a market source.

The company is also getting a fungible $265 million incremental second-lien term loan due May 2027 that has been privately placed, the source said.

RBC Capital Markets, KKR Capital Markets, SunTrust Robinson Humphrey Inc. and UBS Investment Bank are the joint bookrunners on the deal.

Proceeds will be used to fund a business combination.

Pro forma for the transaction, the first-lien term loan will total $1.155 billion and the second-lien term loan will total $415 million, the source added.

Autodata, a Thoma Bravo LLC portfolio company, is a London, Ont.-based provider of data, technology platforms and services to the automotive industry.

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