Marlink to launch $525 million, €250 million term loans on Tuesday

By Sara Rosenberg

New York, Oct. 18 – Marlink Group will hold a lender call at 11 a.m. ET on Tuesday to launch a $525 million first-lien term loan B and a €250 million first-lien term loan B, according to a market source.

Goldman Sachs, BNP Paribas Securities Corp., BofA Securities Inc., Barclays, KKR Capital Markets, HSBC and Banque CIC are the lead arrangers on the deal.

Proceeds will be used to help fund the buyout of the company by Providence Equity Partners from Apax Partners SAS for an enterprise value of about $1.4 billion.

Marlink is a Paris and Oslo-based provider of business-critical SatCom services.

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