ALKU readies launch of $248 million credit facilities for Tuesday

By Sara Rosenberg

New York, Sept. 5 – ALKU LLC is scheduled to hold a bank meeting on Tuesday to launch $248 million of credit facilities (B2/B-), according to a market source.

Societe Generale and SunTrust Robinson Humphrey Inc. are the leads on the deal.

The facilities consist of a $30 million revolver and a $218 million term loan B, the source said.

Proceeds will be used to help fund the buyout of the company by FFL Partners.

ALKU is an Andover, Mass.-based provider of temporary and contractual consultants in the technology, healthcare IT, life sciences and government sectors.

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