Tue 06/14/2022 12:54 PM
A group of private lenders led by Arcmont, Blackstone Credit and ICG provided a £3.5 billion debt package priced at 575 bps to refinance the U.K.-based business management software provider The Access Group, sources told Reorg.
The debt package features a roughly £2.5 billion cov-lite unitranche, comprising senior debt and an acquisition line. A total of 13 lenders participated in the debt financing, sources added.
Deloitte advised the owners, Hg and TA Associates, in the refinancing, as
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