Emergency Medical Services (EMS) will secure about $2.675 billion of loans to finance its leveraged buyout by private equity firm, Clayton, Dubilier & Rice, Bloomberg reports. Clayton Dubilier will purchase the company for $64 a share, providing about $900 million of equity financing. The financing includes a $1.375 billion term loan, a $350 million asset-based revolving credit line and $950 million in senior unsecured loans. Barclays, Deutsche Bank, Bank of America, Morgan Stanley, Royal Bank of Canada, UBS and Citigroup will provide the loans.
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