KinderCare readies launch of $1.4 billion term loan for Tuesday

By Sara Rosenberg

New York, May 8 – KinderCare Learning Cos. Inc. is scheduled to hold a lender call at 10 a.m. ET on Tuesday to launch a $1.4 billion seven-year first-lien term loan, according to a market source.

Barclays, Goldman Sachs Bank USA, Macquarie Capital (USA) Inc., Deutsche Bank Securities Inc., UBS Investment Bank, BofA Securities Inc., Jefferies LLC and KKR Capital Markets are the joint bookrunners on the deal.

Proceeds will be used to fully refinance the company’s existing debt and pay related fees and expenses.

KinderCare is a Lake Oswego, Ore.-based provider of private early childhood care and education.

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