Banks Launch $1.5B TL for Frac Tech Buyout

Kellerhals, Richard
April 2011
High Yield Report;4/25/2011, Vol. 22 Issue 17, p8
The article reports on the syndication of a 1.5-billion U.S. dollar term loan by Citigroup and bank of America Merril Launch. The said loan will support the buyout of Frac Tech Services by two Asian investment firms, a group of investors including Mahu Investments and a private equity company. Bank of America and Citi have also arranged a 200 million U.S. dollar delayed-draw bridge loan.


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