Fri 11/18/2022 15:52 PM
The five underwriters of BetaNXT’s buyout financing have informally approached a select group of investors about taking large tickets in a $750 million seven-year term loan, according to sources. The term loan, in addition to a $100 million five-year revolving credit facility, partially backs Clearlake Capital and Motive Partners’ $1.3 billion buyout of the wealth management technology and outsourcing solutions provider, which closed on July 1, according to sources.
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