The $4.25 billion credit facility for Freescale Semiconductor hit a very crowded market last Monday. The deal consists of a six-year, $750 million revolver and a seven-year, $3.5 billion term loan. Both tranches are priced at LIBOR plus 2 1/4%.
The deal will partially finance the $17.6 billion buyout of the embedded semiconductor designer and manufacturer by The Blackstone Group, The Carlyle Group, Permira Funds and Texas Pacific Group.