Pactera in market for bond to fund LBO

First time issuer Pactera Technology International is on the road for a senior secured dollar bond which it will use as part of the financing towards The Blackstone Group consortium’s proposed leveraged buyout of the firm.
According to Moody’s, 40% of the leveraged buyout will be financed by debt and 60% by equity and cash. The issuer is also said to be considering a loan. It plans to raise $275m with the bond.
The issuer has opted for a seven year non call ...Already a subscriber? Login