Existing lenders support Wood Mac add-ons
The UK energy and mining consultancy firm Wood Mackenzie was due to allocate an add-on to its existing debt on Thursday, having relied exclusively on its existing syndicate. The new facilities will be used to pay a dividend to the issuer’s private equity owner, Hellman & Friedman.
The deal includes a £135m term loan ‘C’, issued with an OID of 99.75. The tranche will follow the terms of Wood Mackenzie’s existing term loan ‘B’, at 450bp over Libor with a 1% floor and 2019 maturity.
The borrower’s senior debt will rise to £560m after the
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