Colibri readies launch of $430 million credit facilities for June 3

By Sara Rosenberg

New York, May 27 – Colibri is scheduled to hold a lender call at 11 a.m. ET on June 3 to launch $430 million of credit facilities, according to a market source.

RBC Capital Markets and Jefferies LLC are the arrangers on the deal.

The facilities consist of a $30 million revolver and a $400 million seven-year term loan B, the source said.

Proceeds will be used to refinance existing privately placed debt.

Gridiron Capital is the sponsor.

Colibri is a St. Louis-based provider of online learning solutions for professional education.

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