MidOcean Turns To Bank of America For VitaQuest Acquisition

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MidOcean Turns To Bank of America For VitaQuest Acquisition

Bank of America is in the market with a $213 million deal for MidOcean Partners' backing its acquisition of VitaQuest International.

Bank of America is in the market with a $213 million deal for MidOcean Partners' backing its acquisition of VitaQuest International. The deal includes a $15 million revolver, $150 million term loan and $48 million second-lien piece. Price talk on the revolver and term loan is LIBOR plus 3 1/2%, while the second-lien is being pitched at LIBOR plus 6 1/2%. Leverage is three times on the senior, four times total. Calls to officials at MidOcean and B of A were not returned.

 

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