Pactera in market for bond to fund LBO

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By Virginia Furness
12 Mar 2014

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 ...

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