Bank of America is set to syndicate a $75 million credit facility for Atlanta-based The Profit Recovery Group. The loan will be used to fund the merger and integration costs emanating from the planned acquisition of Howard Schultz & Associates, said Leslie Kratcoski, director of investor relations for Profit Recovery. Bank of America supplied the previous credit line, she said. The old facility has now been cancelled, she added with a charge of $2.6 million. The company provides recovery audit services. Kratcoski could not comment on the pricing or timeframe for completion at press time.
Read the magazine on your mobile device
Want full access to GlobalCapital?
If you are new to GlobalCapital or you already subscribe to some of our channels you can still easily extend your access.
Take a trial to the entire site or subscribe online to see all our capital markets news, opinion and data sets.
Don't miss out!Free trial
|Rank||Lead Manager/Arranger||Share % by Volume|
|5||Natwest Markets (RBS)||7.15|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|1||Bank of America Merrill Lynch||18,561.02||56||11.69%|
|2||Wells Fargo Securities||18,160.90||57||11.44%|