Bear Stearns launched syndication last Wednesday for a $155 million credit backing Regus Group's $302.5 million acquisition of HQ Global Workplaces. The credit comprises a $25 million revolver, $20 million synthetic letter of credit facility and $110 million "B" loan. The lead is waiting for ratings before giving price talk, one financier said. Regus is a provider of outsourced offices and HQ operates office centers. Regus is registered in the U.K. but the credit will be dollar-denominated and have a U.S. borrower. Bear Stearns bankers and a Regus spokesman declined comment.
Bear Stearns Pitches Regus