TD Brings Persona To Mart

TD Securities hit the market last week with bank financing backing the C$406 million acquisition of Canadian cable provider Persona by an investor group led by Hicks, Muse, Tate & Furst.

  • 12 Mar 2004
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TD Securities hit the market last week with bank financing backing the C$406 million acquisition of Canadian cable provider Persona by an investor group led by Hicks, Muse, Tate & Furst. The financing comprises a C$60 million revolver, C$60 million "A" loan and $150 million "B" loan. Price talk has not been determined. The deal was posted on IntraLinks March 10, the bank meeting was held in Canada March 11 and in New York March 12.

Before launch, TD received a C$40 million commitment for the C$120 million pro rata portion from a Canadian institution that will serve as documentation agent. The investor group also includes TD Capital Canadian Private Equity Partners and CIBC Capital Partners. TD bankers and a Hicks Muse spokesman declined comment. CIBC Capital Partners and TD Capital Canadian Private Equity Partners representatives did not return calls and Sally Moyer Kent, Persona's cfo, could not be reached.

  • 12 Mar 2004

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