GC
Piramal’s DRG loads up $150m bridge refi
Decision Resources Group, the US-based healthcare information firm acquired by India’s Piramal Healthcare in 2012, is tapping the debt market for a new $150m fundraising to repay the acquisition bridge loan.
Axis Bank is the sole underwriter on the six year deal and has launched it into general syndication. The deal is split between a $100m term loan A (TLA) that has an average life of 4.4 years, and a $50m term loan B (TLB) with an average life
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