Advisor, Insurity, Loparex, Mannington, Pregis, Press Ganey, SnapAV, Whatabrands ready deals

By Sara Rosenberg

New York, July 5 – A number of deals are preparing to launch during the week of July 8, including Advisor Group Inc., Insurity Inc., Loparex International Holding BV, Mannington Mills, Pregis LLC, Press Ganey Associates Inc. (Emerald TopCo Inc.), SnapAV and Whatabrands LLC.

Advisor Group will be holding a bank meeting at 2:30 p.m. ET in New York on Thursday to launch its proposed $1,475,000,000 of credit facilities (B1).

The facilities consist of a $225 million revolver and a $1.25 billion first-lien term loan.

UBS Investment Bank is the left lead arranger on the deal that will be used to help fund the buyout of 75% of the company by Reverence Capital Partners. Lightyear Capital and PSP Investments are expected to maintain up to a 25% stake in the company.

The company also has a commitment for a $350 million senior unsecured bridge loan for the transaction.

Leverage is expected to be around 5.5 times.

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