Allied launches loans for G4S buy

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By Silas Brown
21 Apr 2021

US security firm Allied Universal has launched term loan Bs in euros and dollars, the first leg of the financing for its acquisition of UK rival G4S.

Credit Suisse is acting as left lead on both euros and dollars, which will be $950m and €715m. There is soft call protection at 101 for six months for each tranche, both of which are first lien with seven year maturities. The expected issue ratings are B3/B-/BB-.

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