SunGard Wraps $5 Bin Credit Facility

Kantin, Kerry
July 2005
Investment Dealers' Digest;7/25/2005, Vol. 71 Issue 29, p11
Trade Publication
The article reports that, after four months of speculation and two weeks of syndication, investment fund companies, JPMorgan, Deutsche Bank, Citigroup, Goldman Sachs and Morgan Stanley wrapped up the $5 billion credit facility backing the $1 1.4 billion leveraged buyout of SunGard Data Systems Inc. by seven private equity firms. The bank deal was warmly received, which could bode well for SunGard's benchmark $1.25 billion junk bond offering. SunGard's equity sponsors are approaching the high-yield market cautiously.


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