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Equiniti/AST to launch $900 million equivalent term loan B on Tuesday
By Sara Rosenberg
New York, Oct. 18 – Equiniti/AST is set to hold a lender call at 11:45 a.m. ET on Tuesday to launch a $900 million equivalent U.S dollar and British pound term loan B, according to a market source.
Goldman Sachs, BofA Securities Inc., Deutsche Bank Securities Inc. and Lloyds are the lead arrangers on the deal.
Proceeds will be used with $350 million of unsecured debt to support the combination of Equiniti and AST.
Siris is the sponsor.
Equiniti is a provider of mission-critical shareholder, pension, remediation and credit technology in the United States and the United Kingdom. AST is a provider of mission-critical shareholder technology in the United States.
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