Colonial First State to launch $735 million term loan on Monday

By Sara Rosenberg

New York, Sept. 10 – Colonial First State is scheduled to hold a lender call at 9:30 a.m. ET on Monday to launch a $735 million term loan, according to a market source.

The term loan has 101 soft call protection for six months, the source said.

The company is also getting an A$500 million term loan and a A$150 million delayed-draw term loan.

BofA Securities Inc., KKR Capital Markets, Jefferies LLC, Commonwealth, Credit Suisse, HSBC Securities, MUFG, UBS Investment Bank and Natixis are the leads on the deal.

Proceeds will be used to help fund the buyout of a 55% interest in the company by KKR from Commonwealth Bank of Australia for about $1.7 billion.

Colonial First State is an Australia-based provider of superannuation, investment and retirement products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.