HighTower launches $750 million of term loans to investors

By Sara Rosenberg

New York, April 7 – HighTower Holding LLC held a lender call at noon ET on Wednesday to launch $750 million of term loans (B2), according to a market source.

The debt is split between a $600 million seven-year term loan B and a $150 million delayed-draw term loan available for 18 months.

JPMorgan Chase Bank is the lead on the deal.

Commitments are due at 5 p.m. ET on April 15, the source added.

Proceeds will be used to refinance existing debt and for general corporate purposes.

HighTower, a Thomas H. Lee Partners portfolio company, is a Chicago-based registered investment adviser that owns and provides a suite of mission critical services to independent advisory practices.

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