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New issue calendar builds with Cision, Open Lending, J.D. Power, Flexera, Presidio on deck
By Sara Rosenberg
New York, Jan. 6 – Cision, Open Lending LLC, J.D. Power/Autodata Group and Flexera Software LLC all joined this week’s primary calendar, and timing surfaced for the launch of Presidio Holdings Inc.’s term loan B.
Cision came out with plans to hold a bank meeting in New York on Tuesday and a bank meeting in London on Thursday to launch a $1 billion term loan B and a €500 million term loan B, a market source said.
BofA Securities, Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs Bank USA, Morgan Stanley Senior Funding Inc., BMO Capital Markets, BNP Paribas Securities Corp., Citigroup Global Markets Inc., Macquarie Capital (USA) Inc. and RBC Capital Markets are leading the deal that will be used to help fund the buyout of the company by Platinum Equity for $10.00 per share in cash, or about $2.74 billion.
Closing is expected this quarter, subject to approval by Cision’s shareholders, regulatory approvals and other customary conditions.
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